Pakistan foreign minister has said that Pakistan could be blacklisted by the Financial Action Task Force (FATF) due to lobbying by India.He estimated that Pakistan could suffer $10 billion loss annually if it remains on the FATF grey list. In June 2018,the Paris-based FATF had placed Pakistan on the grey list of countries.Pakistan was put… Continue reading Pakistan could be blacklisted by FATF due to ‘lobbying by India’, says Qureshi
Tag: FATF
After FATF,Asia-Pacific group may also grey-list Pakistan
Pakistan is facing the risk of being greylisted by the Asia Pacific Group (APG).Pakistan has a high non-compliant rate of nearly 70% on 40 recommendations against money laundering and terrorist financing. Earlier,Financial Action Task Force (FATF) had decided to keep Pakistan on its grey list.It means downgrading of the country by institutions like IMF,World Bank,ADB,EU… Continue reading After FATF,Asia-Pacific group may also grey-list Pakistan
Centre bans Yasin Malik-led JKLF under UAPA
Government has banned separatist leader Yasin Malik-led Jammu Kashmir Liberation Front under the Unlawful Activities (Prevention) Act,1967.The Front has been banned for allegedly promoting secessionist activities in Jammu and Kashmir. Earlier,Home Ministry had banned the Jamaat-i-Islami as an unlawful association under Section 3 of the Unlawful Activities (Prevention) Act,1967. The UAPA is a legislation to… Continue reading Centre bans Yasin Malik-led JKLF under UAPA
Pakistan bans UNSC designated outfits; Delhi sceptical
Pakistan has enacted a law United Nations Security Council (Freezing and Seizure) Order, 2019.It was enacted in accordance with the provisions of Pakistan’s United Nations Security Council (UNSC) Act, 1948.It implements United Nations sanctions against individuals and organisation. The objective of the order is that the government will take over the control of assets and… Continue reading Pakistan bans UNSC designated outfits; Delhi sceptical
Terror monitor keeps Pak. on grey list, seeks action
International terror financing watchdog, the Financial Action Task Force (FATF) has decided to keep Pakistan on its grey list.It means downgrading of the country by institutions like IMF, World Bank,ADB,EU and also reduction in risk rating by Moody’s, Fitch and S&P. This was decided at FATF’s week-long plenary meeting in Paris, France FATF has said… Continue reading Terror monitor keeps Pak. on grey list, seeks action
