Pakistan gets another extension on FATF Grey List despite failure to act against terror groups

During the 3rd & and the last Plenary and Working Groups Meeting of the Global anti-money laundering watchdog Financial Action Task Force (FATF) for the current FATF plenary year on 24th June 2020, Pakistan again managed to escape from entering the ‘Blacklist’ despite its continuing failure to act against terrorist organizations. The FATF plenary and Working ..

Month: Current Affairs - June, 2020

Category: International Current Affairs

Topics: China • FATF Plenary • FATF-Pakistan • Financial Action Task Force • Germany • Pakistan

China moves against Pakistan in FATF, Turkey now the only supporter

China has joined India and United States in putting Pakistan on Grey list of the FATF (Financial Action Task Force). Both China and Saudi Arabia have joined US, India and other European countries sending stern messages to Pakistan against its actions of terror funding money laundering Highlights A Plenary session of the FATF is to ..

Month: Current Affairs - February, 2020

Category: International Current Affairs

Topics: Black Lists • China-Pakistan • FATF • FATF member • FATF Plenary • FATF-Pakistan • Grey List • India- Pakistan • Money Laundering • Terrorism

Saudi Arabia becomes 1st Arab country to get full FATF membership

Saudi Arabia has become 1st Arab country to be granted full membership of Financial Action Task Force (FATF) following FATF’s Annual General Meeting held in Orlando, Florida in United States (US). Saudi Arabia and FATF Background: Since November 2004, Saudi Arabia has been a founding member of Middle East and North Africa (MENA) arm of ..

Month: Current Affairs - June, 2019

Topics: Arab Country • European Commission • FATF • FATF member • FATF Plenary • FATF-Pakistan • GCC • Gulf Cooperation Council • MENA • Middle East and North Africa • Saudi Arabia