FATF evaluations
India’s progress in combating illicit finance was brought into focus on September 18, 2024, with the release of the Mutual Evaluation Report by the Financial Action Task Force (FATF). This…
Time to apply for FATF membership
The Financial Action Task Force (FATF) concluded its 5th Plenary presided over by Singaporean President T. Raja Kumar. Delegates from over 200 jurisdictions and international organizations convened in Paris for…
FATF strategic initiatives & Pakistan
The fourth, three-day plenary session of the Financial Action Task Force (FATF) concluded on October 27, 2023, with delegates from more than 200 jurisdictions that addressed prominent issues related to…
New FATF guidelines: Shell companies and beneficial ownership
Shell companies are considered the safest means to stash wealth created through criminal activities. Incorporation of shell companies is not illegal but they are normally formed in tax havens where…
FATF: upcoming challenges
The first meeting of the Financial Action Task Force (FATF) after Pakistan’s exit from the list of jurisdictions under increased monitoring (commonly known as the Grey List) was held from…
Exit from FATF ‘grey list’
“The FATF welcomes Pakistan’s significant progress in improving its AML/CFT regime. Pakistan has strengthened the effectiveness of its AML/CFT regime and addressed technical deficiencies to meet the commitments of its…
FATF/Pakistan: beyond grey list
Pakistan’s trip on the list of Jurisdictions under increased monitoring maintained by the Financial Action Task Force (FATF) is approaching an end. The recent consolidated assessment rating by the FATF…
FATF’s appraisal of technical compliance
For Pakistan, the outcome of the Financial Action Task Force’s (FATF) meeting, held in Berlin on June 17, 2022, was not different from the earlier ones—it continues to be among…
Pakistan and FATF: the next steps
Pakistan was placed on the list of Jurisdictions under Increased Monitoring in 2018 by the Financial Action Task Force (FATF) due to deficiencies in its anti-money laundering and combating financing…
FATF and its impact on country’s economy
Pakistan has gone through so many challenges and adversaries in its relatively short life span of 75 years that it is not only remarkable, but it shows its resiliency and…
