{"id":211524,"date":"2022-10-22T18:40:29","date_gmt":"2022-10-22T13:10:29","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=211524"},"modified":"2022-10-22T18:40:29","modified_gmt":"2022-10-22T13:10:29","slug":"pakistan-is-out-of-fatf-grey-list-on-terror-funding","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/pakistan-is-out-of-fatf-grey-list-on-terror-funding\/","title":{"rendered":"Pakistan is out of FATF \u2018grey list\u2019 on terror funding"},"content":{"rendered":"\n

Source: <\/b>The post is based on the article <\/span>\u201cPakistan is out of FATF \u2018grey list\u2019 on terror funding\u201d <\/b>published in <\/span>The Hindu <\/b>on 22nd October 2022.<\/b><\/p>\n

What is the News?<\/b><\/h5>\n

Pakistan has been taken off the \u2018grey list\u2019 of the Financial Action Task Force (FATF) after four years.<\/span><\/p>\n

What is the Financial Action Task Force(FATF)?<\/b><\/h5>\n

Click Here to read<\/b><\/a><\/p>\n

What is the FATF Grey list?<\/b><\/h5>\n

FATF maintains a \u201cgrey list\u201d of countries that it watches closely. In essence, these are countries that have, in the assessment of the FATF, failed to prevent international money laundering and terrorist financing, and are, therefore, on a global watchlist for bad behaviour.<\/span><\/p>\n

Countries on the list are The Philippines, Syria, Yemen, the United Arab Emirates, Uganda, Morocco, Jamaica, Cambodia, Burkina Faso, and South Sudan, and the tax havens of Barbados, Cayman Islands, and Panama.<\/span><\/p>\n

What are countries on the grey list expected to do?<\/b>
\n<\/b><\/h5>\n

FATF calls these countries \u201cjurisdictions under increased monitoring\u201d. Basically, these countries have to comply with certain conditions laid down by the FATF, failing which they run the risk of being \u201cblacklisted\u201d by the watchdog. Their compliance is periodically reviewed by the FATF.<\/span><\/p>\n

Why was Pakistan taken off the grey list?<\/b><\/h5>\n

FATF has said that Pakistan had completed two action plans comprising a 34-point tasklist in the period since 2018. Based on this progress, FATF has taken Pakistan off the Grey list.<\/span><\/p>\n

What practical benefits can Pakistan get as a result of the FATF de-listing?<\/b><\/h5>\n

There is research that suggests grey-listing negatively impacts the relationship of the concerned countries with international funders including banks and financial institutions that take note of FATF rankings as well as existing and potential overseas investors in those countries.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Source: The post is based on the article \u201cPakistan is out of FATF \u2018grey list\u2019 on terror funding\u201d published in The Hindu on 22nd October 2022. What is the News? Pakistan has been taken off the \u2018grey list\u2019 of the Financial Action Task Force (FATF) after four years. What is the Financial Action Task Force(FATF)?… Continue reading Pakistan is out of FATF \u2018grey list\u2019 on terror funding<\/span><\/a><\/p>\n","protected":false},"author":10317,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,164,9],"tags":[10498],"class_list":["post-211524","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-international-relations-daily-factly-articles","category-public","tag-the-hindu","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704922930},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/211524","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10317"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=211524"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/211524\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=211524"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=211524"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=211524"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}