New Delhi: Predictably, “brotherly countries” China, Turkey and Malaysia have backed Pakistan over the countrys “risk assessment study” at the FATF meeting being held in Paris, and are likely to vote against a downgrade to the black list. If good friend China, which heads the Financial Action Task Force (FATF), and members Malaysia and Turkey, […]
Tag: Financial Action Task Force
‘Pakistan has failed to act with serious intent against terrorism’ – 2 min read
New Delhi: Pakistan has failed to act with serious intent against terrorism, said top diplomats on the country’s blacklisting by the Financial Action Task Force’s (FATF) Asia-Pacific Group (APG). The global watchdog for terror-financing and money laundering on Friday placed Pakistan on the Enhanced Expedited Follow Up List (Blacklist) following its failure to meet its […]
Pakistan should address global concerns on terrorism: India
New Delhi: With Pakistan being asked by the Financial Action Task Force (FATF) to implement its action plan to stop terror financing by September, India on Saturday said the neighbouring country should take “credible” and “irreversible” steps to address global concerns related to terrorism. External Affairs Ministry spokesperson Raveesh Kumar said Pakistan should take all necessary […]
Curb terror funding by October: Financial Action Task Force warns Pakistan
Paris: The Financial Action Task Force (FATF) has warned Pakistan to improve its counter-terror financing operations in line with an internationally agreed action plan by October or face action, sources said. The FATF also expressed its concerns over Pakistan’s failure to complete the action plan first by a January deadline, and again by May. “The […]
Financial Action Task Force keeps Pakistan in ‘grey’ list
New Delhi | The Financial Action Task Force (FATF) on Friday said Pakistan has not done enough to curb finances of terror groups, which means it continues to remain in ‘the grey list’, making it difficult for the country to get international loans. It also condemned the Pulwama terror attack that killed 40 CRPF men […]