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FATF decides to continue keeping Pakistan on FATF Grey list

28Jun

By Maru J1 Comment

Business

FATF decides to continue keeping Pakistan on FATF Grey list

Dr Marcus Pleyer said that Pakistan remains under "Increased Monitoring". PARIS, FRANCE - Financial Action Task Force (FATF) on Friday announced that Pakistan has been able to successfully comply with 26 of the 27 points by them. However they will still continue keeping Pakistan on FATF Grey list. This decision was taken because one of the most important points given by FATF - related to combating the financing of terrorism silll needs work. https://twitter.com/FATFNews/status/1408417689979207680 Addressing a press conference after the June 21-25 plenary meeting concluded in Paris on Friday, FATF President Dr Marcus Pleyer said that Pakistan remains under "Increased Monitoring". ''The Pakistani government has made substantial progress in making its counter-terrorist financi...

FATF APG: Pakistan cleared 22 more FATF recommendations.

On June 4, FATF in it follow-up report against Pakistan accepted 22 more recommendations got compliant making it to the total of 31 of 40 recommendation largely compliant. FATF over the anti-money laundering and counter terrorism assessments, announced that Pakistan has compliant on 22 more of the points recommended by the FATA APG body. FATF APG body issued a follow-up report stating the countable improvements and measures are carried out by Pakistan against the allegation in financing terrorism financing and money laundering, finally making it to the total of 31 of the 40 recommendations followed. This improvement will help Pakistan in near future to come out of the Grey list. In the APGs report, it is now accepted that Pakistan has compliant with most of the recommendations as...

Roshan Digital Account announced by PM Imran Khan

ISLAMABAD: After the Digital Pakistan initiative by the PTI government, Roshan Digital Account by Pakistan Government in collaboration of other Commercial Banks has began a new era in the developmental progress of the country. As part of focus on Pakistan Vision 2025, Roshan Digital Account is playing its part for revenue generation by they foreign nationals mostly living in Kingdom of Saudi Arabia, Middle East and other European countries. Foreign reserves spikes upward after Pakistan's PM Imran Khan visit to KSA Amid to the Pakistan's PM Visit to KSA has also boasted the Digital account opening trend among the overseas Pakistanis; stated by State Bank of Pakistan. Prime Minister is quite confident that overseas Pakistanis will keep on showing their interest in using the le...