Foreign Minister Shah Mahmood Qureshi on Saturday questioned the Financial Action Task Force's( FATF) decision to continue to keep Pakistan on the watchdog's" increased monitoring list", also known as the grey list, despite implementation on 26 out of 27 points included in the original action plan.... In a statement, Qureshi said there was" no room" to keep Pakistan on the grey list after it had implemented nearly the entire action plan, according to a report by Radio Pakistan.... Qureshi said

A watchdog on the lookout for money laundering and terror financing said Friday it has placed the tiny Mediterranean island nation of Malta on a list for increased monitoring. The Paris-based Financial Action Task Force, or FATF, added the European Union member to its so-called gray list, along with Haiti, the Philippines and South Sudan.It is exceptional for an EU country to be put on this list, which also includes Pakistan, Zimbabwe and Syria.... The move raised concerns in Malta about the po

PARIS: A global dirty money watchdog said it had added European Union member Malta to its" grey list" of countries under increased monitoring, and kept Pakistan on the list despite progress on tackling terrorism financing. The Financial Action Task Force( FATF) also said that Haiti, the Philippines and South Sudan were added to its grey list, and that Ghana had been removed after the country had made progress. The Maltese government had already flagged its inclusion on the list, which indicates

Foreign Minister Shah Mahmood Qureshi has said that the Financial Action Task Force( FATF) has no justification to keep Pakistan on its grey list.In a statement carried by Radio Pakistan, Qureshi said Pakistan had completed the FATF's technical requirements.... Overall, Pakistan was fully ‘compliant’ with seven recommendations and ‘largely compliant’ with 24 others.... All in all, Pakistan was compliant or largely compliant with 31 out of 40 FATF recommendations.In its last meeting in February

Countries must do more to understand the money-laundering and terrorist-financing risks posed by the clandestine business of migrant smuggling, a global finance watchdog said Tuesday. Over the past decade, political instability, poverty and the effects of climate change have led to more migrants and refugees, fueling the growth of an illegal industry with annual profits exceeding$ 10 billion, according to a new report by the Financial Action Task Force. Yet many countries don’t consider migrant

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ISLAMABAD: Pakistan is likely to remain on the so-called grey list of the Financial Action Task Force( FATF) for another four months — i.e. until June — for a couple of unmet targets under the additional criteria. The concluding session of the plenary meeting of the FATF, a Paris-based global money laundering and terrorist financing watchdog, is due on Friday( today) and includes Pakistan’s review on the agenda. Pakistan is now targeting the full completion of the 2021 action plan on anti-money