Financial Action Task Force Current Affairs, GK & News

Pakistan to remain on Grey List of FATF

The Global anti-terrorism watchdog Financial Action Task Force (FATF) decided to maintain Pakistan into Grey List till June 2021 on February 25, 2021. Key Facts This decision by the FATF was taken in the light of country’s failure to fully comply with the 27-point action plan of to combat the terrorism. This decision was taken ..

Month: 

Category: 

Topics: 

Grey list trouble: Pakistan approves four FATF-related bills

The lower house of the Parliament of Pakistan unanimously passed four bills related to the tough conditions set by the global money laundering and terrorist financing watchdog FATF. Earlier,  two such bills were passed in July and another one was passed in the first week of August. How significant for Pakistan? In 2018, the FATF ..

Month: 

Category: 

Topics: 

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: 

Category: 

Topics: 

22nd Financial Stability and Development Council meeting chaired by Finance Minister

On May 28, 2020, the Union Finance Minister Nirmala Sitaraman chaired Financial Stability and Development Council meet. Highlights The meeting reviewed current domestic and global economic situation, financial vulnerabilities issues, liquidity of Micro financial institutions, Non-Banking Financial corporations, regulatory responses, etc. The council noted that COVID-19 posed a great threat to the global financial system ..

Month: 

Category: 

Topics: 

Pakistan Sponsoring Terror: United Kingdom

During an interactive session at the Raisina Dialogue 2020, on Thursday 16th January 2020 the United Kingdom (UK) foreign and commonwealth office director for South Asia, Gareth Bayley on the context of Pakistan being on the edge of being blacklisted by the Financial Action Task Force (FAFT) said that Islamabad should do more by taking ..

Month: 

Topics: 

1 / 3123