Pakistan ‘drafts’ FATF-compliant digital asset regulations to curb money laundering, terror financing
- 02-Dec-2025
ISLAMABAD: Pakistan is ‘preparing’ legislation to regulate digital assets in accordance with the Financial Action Task Force (FATF) framework to curb money laundering and terror financing, ARY News reported on Tuesday, citing sources familiar with the development. In 2022, the Financial Action Task Force (FATF) announced the removal of Pakistan from its grey list after […]
FATF to visit Turkey after ‘grey list’ exit
- 10-Nov-2025
A team from the international crime watchdog FATF will evaluate Turkey this month after removing it from its “grey list” last year for progress made in fighting money laundering and the funding of terrorist activity, five sources said. Turkey has to show it is meeting commitments or it risks returning to the grey list of […]
Pakistan fulfills important condition of FATF, IMF
- 03-Aug-2023
ISLAMABAD: The government of Pakistan on Thursday fulfilled an important condition of International Monetary Fund (IMF) and Financial Action Task Force (FATF), ARY News reported. As per details, the National Assembly passed the National Anti-Money Laundering and Counter Financing of Terrorism Authority Bill 2023. It was moved by Minister of State for Foreign Affairs Hina […]
Bilawal applauds MoFA role in Pakistan’s exit from FATF grey list
- 19-Jul-2023
ISLAMABAD: Foreign Minister Bilawal Bhutto Zardari applauded the Ministry of Foreign Affairs role in Pakistan’s exit from the Financial Action Task Force(FATF) grey list, ARY News reported. As per details, the Foreign Minister said that Pakistan needs to keep good relations with the world and the country needs to be ready to counter any global […]
FATF adds South Africa to ‘grey list’
- 25-Feb-2023
International financial crime watchdog the Financial Action Task Force (FATF) on Friday added South Africa to its “grey list” of countries under special scrutiny to implement standards to prevent money laundering and terrorism financing. Being added to the list is a reputational setback for Africa’s most advanced economy, which has been trying to address shortcomings […]
UK removes Pakistan from ‘High Risk Third Countries’ list
- 15-Nov-2022
ISLAMABAD: In recognition of Islamabad’s progress to improve money laundering and terrorist financing controls, the United Kingdom (UK) removed Pakistan from ‘High Risk Third Countries’ list, ARY News reported on Monday. Taking to Twitter, Foreign Minister Bilawal Bhutto Zardari shared a letter of the Foreign, Commonwealth and Development Office, revealing that the UK had removed […]
China welcomes FATF decision of removing Pakistan from its grey list
- 25-Oct-2022
BEIJING: China has welcomed the decision of the Financial Action Task Force to remove Pakistan from its grey list. During his regular briefing, Chinese Foreign Ministry Spokesperson Wang Wenbin said this shows international support and recognition of Pakistan’s effort to firmly follow its political commitment to improve its Anti-Money Laundering and Anti-Terror Financing system over […]
Pakistan’s exit from grey list: Business community sees promising economic future
- 23-Oct-2022
ISLAMABAD: Following Pakistan’s exit from Financial Action Task Force’s (FATF) grey list, the business community on Sunday said coming out of the watchdog’s increased monitoring process would boost economic activities and help put the ailing economy back on sustainable growth path. The business community said the decision would restore the confidence of international financial […]
‘Army Chief Qamar Javed Bajwa is a national hero’
- 22-Oct-2022
Chief Minister Punjab Chaudhry Pervaiz Elahi has said that credit for Pakistan’s removal from the Financial Action Task Force’s (FATF) grey list goes to Army Chief Qamar Javed Bajwa, ARY News reported. COAS Bajwa is a national hero, the nation commends him, said Elahi. A statement issued by the Chief Minister read that the credit […]
PM Shehbaz Sharif says Pakistan’s exit from FATF grey list was collective effort
- 22-Oct-2022
ISLAMABAD: Prime Minister Shehbaz Sharif has congratulated Pakistan on its exit from the Financial Action Task Force’s (FATF) grey list, saying that the country had attained success due to ‘collective efforts’, ARY News reported on Saturday. Addressing a press conference in Islamabad, the premier said it was all possible due to the collective efforts, unity […]