Financial Action Task Force News

China’s Foreign Ministry termed India’s airstrikes in Pakistan and Pakistan-occupied Kashmir as “regrettable”. A ministry spokesperson expressed “concern” over the current situation. 

He also urged the central banks to understand the latest trends and developments in the financial world that can be exploited by criminal elements.  

India's MEA in response to media queries on Pakistan`s removal from the grey list of  FATF on Friday said that Pakistan must continue to take "credible, verifiable, irreversible and sustained" action against terrorism and terrorist financing emanating from territories under its control.

Imran Khan's Pakistan has been on the FATF`s grey list for deficiencies in its counter-terror financing and anti-money laundering regimes since June 2018.

Around 140 terrorists waiting at launch pads across LoC despite ceasefire Army has been noticing continued presence of around 140 terrorists India and Pakistan agreed in February to a ceasefire

The Financial Action Task Force (FATF) periodically identifies jurisdictions with weak measures to combat money laundering and terrorist financing activities. According to the central bank, new investors from non-compliant FATF jurisdictions would not be permitted to acquire, directly or indirectly, 'significant influence' in a PSO. The Financial Action Task Force (FATF) is the global money laundering and terrorist financing watchdog.

Moments after Pakistan failed to get off the terror-financing watchdog Financial Action Task Force's (FATF) grey list, an internal feud loomed large in the country. Pakistan Muslim League (N) leader Khawaja M Asif slammed Imran Khan-led Pakistan Tehreek-e-Insaf (PTI). In a decision that was on expected lines, Pakistan continues to remain on the FATF grey list that will impact the economy of the country.

In a decision that was on expected lines, Pakistan continues to remain on the terror-financing watchdog Financial Action Task Force's (FATF) grey list that will impact the economy of the country. The decision of the FATF is a major blow to the Imran Khan-led government.

In a decision that was on expected lines, Pakistan continues to remain on the Financial Action Task Force's (FATF) grey list that will impact the economy of the country. Being on the grey list means, the country needs to make reforms in its financial system so that money is not used for terrorism. Pakistan was placed on the Paris based body's grey list in June 2018 and given an action plan to implement.

India on Thursday said that Islamabad has not taken any action on terrorists and it has been providing safe haven to them. This comes ahead of the announcement by the Financial Action Task Force (FATF) on Pakistan's continued listing or delisting. MEA Spokesperson said, "...Pakistan continues to provide safe havens to terrorist entities and individuals..."

Intelligence inputs confirmed, in a bid to save itself from FATF rap, Pakistan changed LeT's name to TRF. 

This comes after Pakistan submitted a report on action regarding the implementation of the watchdog`s plan of action during the Paris meeting.

The JeM has also been told to once again intensify its old activities in Madrasas and other related institutes. These institutions have been asked to teach religious bigotry and jihad against India.

In a major development on Tuesday, the terror financing watchdog decided "in principle" that Pakistan will remain on its grey list till February 2020 and directed the country to take "extra measures" for the "complete elimination" of terror financing and money laundering.

The FATF, which is the global watchdog for terror financing and money laundering, has also directed Pakistan to take ‘extra measures’ aimed at ‘complete’ elimination of terror financing and money laundering, reported leading Pakistani news website Dawn.

Notably, the Asia/Pacific Group (APG) subgroup has already recommended that Islamabad should be blacklisted due to its poor compliance on measures to tackle terror.

FATF will hold its next plenary meet from October 16 to 18, 2019.

New Delhi Thursday welcomed United Nation Security Council's move to call upon countries to adopt a resolution on counter terrorist financing.

The Financial Action Task Force (FATF) continuing Pakistan with the 'Gray' listing means downgrading of the country by multilateral lenders like IMF, World Bank, ADB, EU and also a reduction in risk rating by Moody's, S&P and Fitch. 

Pakistan has asked the Financial Action Task Force (FATF), an international terror financing watchdog, to remove India as co-chair of its Asia-Pacific Joint Group, the Finance Ministry said on Saturday.