Wednesday, 25 November 2020

Tag Archives: FATF

Pakistan to remain on FATF’s till February 2021

BRUSSELS: The Financial Action Task Force (FATF) has decided to maintain Pakistan’s status on its  grey list  of countries. The country has remained in the list as it has been unable to comply with six of the 27 points in the global terror financing and money laundering watchdog’s action plan. ...

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Pakistan govt passes all FATF-linked bills via joint session

ISLAMABAD: After a series of defeats in Senate, Pakistan government pushed all pending legislations on terror financing linked to FATF compliance through a joint session of parliament amid loud protests and a walkout by Opposition members. The Imran Khan government’s desperate move is part of efforts to get Pakistan out ...

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Brussels mulls adding Saudi Arabia to EU dirty money blacklist

BRUSSELS: The European Commission proposed adding seven countries including Saudi Arabia to the European Union’s (EU) money laundering blacklist of governments that do too little to thwart the financing of terrorism and organised crime. The new countries targeted by the commission, including Saudi Arabia and Panama, would join another 16 ...

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China rejects FATF’s move of putting Pakistan on grey list

BEIJING: China has vehemently rejected the reported move by the Financial Action Task Force (FATF) of putting Pakistan on Global Funding Terrorism Watch List. Chinese Foreign Ministry spokesman Lu Kang, at a weekly news briefing, showed his strong opposition to FATF’s move, stating that Pakistan’s efforts on the issue of counter-terrorism ...

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FATF decides to keep Pakistan on grey list

PARIS: Pakistan has been added to the grey list of countries involved in aiding financial assistance to terrorism money laundering after a Wednesday meeting of the Financial Action Task Force on Money Laundering (FATF) confirmed the decision. Interim minister of finance, Dr Shamshad Akhtar, briefed FATF of the steps which ...

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Pakistan: No threat to be placed on the FATF “black list”

ISLAMABAD: Pakistan is under no threat to be placed on the Financial Action Task Force’s “black list” although it will be assigned to the “grey list” in June this year, the foreign ministry said. Addressing a weekly media briefing here, Foreign Office spokesperson Dr Mohammed Faisal said Pakistan would be ...

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Pakistan not mentioned in FATF grey list

PARIS/ISLAMABAD: Contrary to speculations, Pakistan doesn’t feature on the watchlist of Financial Action Task Force (FATF), a global money-laundering watchdog. Earlier in the day, there were speculations that FATF has placed Pakistan back on its terrorist financing watchlist. However, FATF has finally announced outcome after a week-long session concluded in ...

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Pakistan avoids terrorism financing watch list for 3 months

LONDON: Hectic diplomatic maneuvering in Europe and the Middle East has saved Pakistan from being put on a terrorism financing watch list by a global money-laundering watchdog, officials in Islamabad said on Wednesday. The U.S. and some of its European allies – Britain, Germany and France – had sought to ...

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