Pak still to implement action plan to avoid FATF blacklisting: Report


Ahead of a key meeting with the Financial Action Task Force (FATF), Pakistan is yet to address a critical deficiency in its legal regime that could hamper its capacity to seize properties of terrorist groups and can land it on the anti-money laundering watchdog’s blacklist, according to a media report.

Currently placed on the Paris-based FATF’S ‘grey list’, Pakistan has been scrambling in recent months to avoid being added to a list of countries deemed non-compliant with anti-money laundering and terrorist financing regulations by the FATF, a measure that officials here fear could further hurt its economy.

A team of experts from FATF’s International Cooperation Review Group (ICRG) is scheduled to visit Pakistan in the first week of January to assess the progress made by it on an action plan agreed in June to address global concerns. Read More

You may also read!

Demand for new caste-, faith- or ethnicity-based regiments for Indian Army not in consonance with policy or national interest

If there is anything apolitical in India, it is its armed forces. Enough concern has been raised in recent

Read More...

India completes phase one of ballistic missile defence programme, nod for missiles awaited

In a boost to India’s deterrence capabilities, the phase one of the ambitious Ballistic Missile Defence (BMD) programme has

Read More...

India has shared evidence of JeM, Azhar’s terrorist activities with China: MEA

India shared with China all evidence of terrorist activities of Jaish-e-Mohammed (JeM) and its leader Masood Azhar during Foreign

Read More...

Leave a reply:

Your email address will not be published.

Mobile Sliding Menu