PARIS, France: The Financial Action Task Force (FATF) concluded its third plenary under the Singaporean presidency, showcasing progress in combating corruption, proposing a revised non-profit standard for public consultation, and addressing challenges in implementing the FATF standard on virtual assets.
ISLAMABAD: The Federal Board of Revenue (FBR) has said that its efforts in preventing tax crimes helped Pakistan to exit grey list of Financial Action Task Force (FATF). Like many other governmental organizations, FBR has played a key role in completing the FATF action plans relating to DNFBPs, cash smuggling, investigating tax crimes for money […]
BERLIN: Pakistan will stay on the grey list despite making compliance to all the action plans set by the Financial Action Task Force (FATF). An onsite visit to Pakistan is required to verify the implementation of the country, a statement issued on Friday by the watchdog said. However, Pakistan has not been officially removed from […]
The Financial Action Task Force (FATF) on Thursday kept Pakistan in the grey list or increased monitoring list with an acknowledgment of completing almost all the action plans. Pakistan has been on the grey list for deficiencies in its counter-terror financing and anti-money laundering regimes since June 2018. Announcing the decision, FATF President Dr Marcus […]
ISLAMABAD: Dr. Muhammad Ashfaq Ahmed, chairman of the Federal Board of Revenue (FBR) has apprised the real estate agents about the requirement of the Financial Action Task Force (FATF).
ISLAMABAD – Pakistan has formally requested the Financial Action Task Force (FATF) to take immediate action against what it alleges to be India’s concerted efforts to politicize the international watchdog and influence decisions to place Pakistan on the grey list.
ISLAMABAD: The Finance Action Task Force (FATF) on Friday kept Pakistan in ‘grey list’ despite the country has made significant progress of addressing 26 action plan out of 27. FATF President Dr Marcus Pleyer in a press conference announced that Pakistan will continue to remain on the increased monitoring list, also known as the grey […]
KARACHI: The plenary meeting of Financial Action Task Force (FATF) is scheduled to start from June 21, 2021. The meeting may decide to give green signal to Pakistan for white list or maintain its status in the grey list. The virtual plenary meeting of the FATF will continue till June 25, 2021. It is hoped […]
KARACHI: Asia Pacific Group (APG) on Money Laundering has published results of Pakistan’s second Mutual Evaluation follow-up Report on 2 June 2021. As per the report, Pakistan has achieved compliant/largely compliant rating in 31 out of 40 Recommendations of Financial Action Task Force (FATF) in Technical Compliance. These results prove the sincerity along with resolve […]
ISLAMABAD: Financial Action Task Force (FATF) on Thursday kept Pakistan in its grey list despite acknowledging significant progress made by the country. “As all action plan deadlines have expired, the FATF strongly urges Pakistan to swiftly complete its full action plan before June 2021,” a statement of the FATF said. The FATF takes note of […]