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Financial Action Task Force (FATF)

FATF delegation puts forth demands to Islamabad

ISLAMABAD: Delegation of Financial Action Task Force (FATF) has demanded from the government of Pakistan to take a number of steps to ameliorate its position on the global forum. According to details, FATF mission during its negotiations with Pakistan, called for measures to curb money laundering and terror financing. The FATF team also asked the government to keep the record of transactions, from 3000-15000 US dollars and euros, taking place in the form of assets, gold and other sectors like metal business and law…

FATF team arrives in Pakistan, final negotiations begin

ISLAMABAD: With the arrival of the Financial Action Task Force (FATF) team in Islamabad on Sunday night, the final negotiations between the government and the delegation began on Monday in the federal capital. FATF Asia-Pacific team will be in the country until October 19 to review the administrative and legal measures taken by Pakistan to curb the financial assistance of terrorists. During its visit from October 7-19, the foreign delegation will meet officials of the ministries of finance and interior, the financial…

Govt, FATF to sit for final negotiations on Monday

ISLAMABAD: Final negotiations between the Financial Action Task Force (FATF) and the government are scheduled to begin on Monday in the federal capital. During its visit from October 7-9, the FATF delegation will meet officials of the ministries of finance and interior, the financial monitoring unit, and the state bank . The administrative and legal measures taken by Pakistan to stop the monetary assistance of terrorists will also be reviewed by the foreign team, sources said. In this regard, a working paper has also…

Government prepares to get Pakistan’s name excluded from FATF grey list

ISLAMABAD: Pakistan government has made widespread preparation to get off Pakistan's name from Financial Action Task Force (FATF) grey list. According to sources, Dr Shamshad Akhtar the finance minister provided detailed information to the National Security Committee (NSC) on Friday related to the plan for getting Pakistan's name excluded from FATF grey list. In order to save Pakistan from being into grey list, Pakistan has to execute the proposed 26 points by FATF in regards to illicit money making, terrorism and its…

FATF decision: Pakistan placed on ‘grey list’

PARIS: The Financial Action Task Force (FATF) placed Pakistan's name on 'grey list' during FATF Plenary in Paris on Wednesday, this announcement was made late on Wednesday night. According to financial watchdog, it is observed Pakistan had failed to control terror financing on its land. Furthermore, United States, Britain, Germany and France voted in favor of placing Pakistan on grey list during FATF meeting while Pakistan’s closest allies Turkey, China and Saudi Arabia also backed them. The meeting in Paris was…

KSE 100 continues to drop below 41,000 mark

KARACHI: The Pakistan Stock Exchange (PSX) is continuously showing declining trend this week. The market moved somewhat showed positive inclination in early trading but soon began to fall the other way, as investors awaited announcement of Financial Action Task Force’s (FATF) decision on placement of Pakistan in the grey list. As per observation, FATF decision will create complexity for the economy and its financial needs. READ MORE: FATF meetup in Paris- Dr Shamshad Akhtar to fight for Pakistan’s case over ‘Grey List’…

FATF meetup in Paris- Dr Shamshad Akhtar to fight for Pakistan’s case over ‘Grey List’

PARIS: A meeting of Financial Action Task Force (FATF) is going on in Paris, attended by Caretaker Finance Minister Dr Shamshad Akhtar. Pakistan is expected to be placed on the FATF grey list during the crucial six-day meeting from June 24th to 29th 2018 in Paris. Caretaker Finance Minister Dr Shamshad Akhtar had arrived in Paris today along with officials of the financial monitoring unit to fight for Pakistan's case over 'grey list'. Dr Akhtar and her team, in the FATF meeting will provide details regarding the out…