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…
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…
“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…
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…
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 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…
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…
The Financial Action Task Force (FATF) released the Report on the State of Effectiveness and Compliance with the FATF Standards in April 2022. This report contains a comprehensive overview of…
The world has evolved into a global village due to technological advancements, connectivity and integration with each other—all these increasing by each passing day. Though it is making life much…
The four-day-long sixth plenary meeting of the Financial Action Task Force (FATF) concluded on March 4, 2022 with adoption of amendment to recommendation 24 and its interpretive note. The purpose…
