September 16, 2021 6:52 am

Tag: Blacklist

Will Pakistan end up on the Black list of FATF?

Will Pakistan end up on the Black list of FATF?

Politics
Placed on grey list in 2018, Financial Action Task Force, once again found Pakistan to be uncompliant with the requirements. If Pakistan fails to achieve all the parameters set out by the task force, it is very likely that the country might be placed in the blacklist very soon along with North Korea and Iran. FATF is an inter-governmental body established in 1989 to combat money laundering, terrorist financing, and other related threats to the integrity of the international financial system. “A precarious price to pay for myopic vision of reign of terror in the region and beyond”   Paris based Financial Action Task Force has found immense amount of illegal money laundering and terror financing under the state patronage flourishing in Pakistan. The deadline to take con...