The Financial Action Task Force(FATF) has said that Pakistan could be put on the watchdog’s blacklist if the country fails to fulfill its anti terror action plan. FATF President said that Pakistan has already missed two deadlines and decision in this regard would be taken in October 2019 where Pakistan will be assessed on the… Continue reading Blacklisting Pakistan absolutely a possibility:FATF president
Tag: FATF
India rejects Pakistan’s charge of politicising FATF
India has rejected Pakistan’s allegation that it had tried to politicise deliberations at the Financial Action Task Force(FATF) which concluded its plenary with more criticism against Pakistan. Recently,FATF had warned Pakistan that the country could be blacklisted unless it fulfils an action plan against UN-designated terrorists operating in Pakistan by October,2019. A blacklist entry for… Continue reading India rejects Pakistan’s charge of politicising FATF
Time running out to curb terror, Pak. told
India has said that it expects Pakistan to implement steps agreed with the international Financial Action Task Force(FATF) to eliminate funding to terrorist groups operating from its soil. This statement came after FATF has warned Pakistan that the country could be blacklisted unless it fulfils an action plan against UN-designated terrorists operating in Pakistan by… Continue reading Time running out to curb terror, Pak. told
FATF warns Pakistan, but keeps it off the blacklist
Pakistan has managed to avoid being placed on the Financial Action Task Force(FATF) blacklist following support from China,Turkey and Malaysia. The FATF charter mandates support of at least three member states to avoid the blacklisting.However,FATF has said that Pakistan will be blacklisted if it fails to complete its action plan by October 2019. Once a… Continue reading FATF warns Pakistan, but keeps it off the blacklist
Black or grey: What next for Pakistan at FATF?
The Financial Action Task Force(FATF) will hold its Plenary and Working Group meeting from 16th June,2019. The plenary could take up a proposal to downgrade Pakistan to the blacklist on terrorist financing from its current greylisted status. Pakistan has been under the FATF’s scanner since June,2018 when it was put on the greylist for terror… Continue reading Black or grey: What next for Pakistan at FATF?
Pakistan faces FATF blacklist
The Asia Pacific Group(APG) has conveyed to Pakistan that its action plans on terrorist groups were inadequate after it was grey-listed by the Financial Action Task Force(FATF) for terror financing. APG has said that Pakistan has time until September,2019 to either comply with the demands made by FATF members or it could be blacklisted.The blacklisting… Continue reading Pakistan faces FATF blacklist
Pakistan needs aggressive diplomacy to exit FATF grey list: official
Financial Action Task Force (FATF) has said that Pakistan needs to launch a diplomatic effort to secure enough support to come out of the greylist or to prevent itself from falling into the blacklist. This statement came after a 10-member Pakistani delegation attended a meeting of the Asia-Pacific Group (APG) where it defended Pakistan’s efforts… Continue reading Pakistan needs aggressive diplomacy to exit FATF grey list: official
Ban on LTTE extended for another five years
The Central Government has extended the ban on the Liberation Tigers of Tamil Eelam(LTTE) for another five years under Unlawful Activities (Prevention) Act,1967. The ban was extended due to LTTE’s objective for a separate homeland (Tamil Eelam) for all Tamils that threatened the sovereignty and territorial integrity of India and amounted to secession of a… Continue reading Ban on LTTE extended for another five years
India warns IMF against fresh bailout for Pakistan
Indian Government has cautioned the International Monetary Fund against the fresh bailout for Pakistan. Pakistan has been seeking US $8 billion from the IMF to bail itself out from a severe financial crisis that threatens to cripple the country’s economy. Indian officials has told the IMF that Pakistan which was already grey listed by Financial… Continue reading India warns IMF against fresh bailout for Pakistan
FATF asks Pakistan to track all gold purchases
The Financial Action Task Force (FATF) has asked Pakistan to implement a new set of constraints in its crackdown against terror financing.It includes documenting and regulating all gold markets. The FATF has asked Pakistan to collect data of all gold markets in the country and to restrict the sale and purchase of gold items using… Continue reading FATF asks Pakistan to track all gold purchases
