FATF

2022 - 10 - 22

Documents - Financial Action Task Force (FATF) (Documents - Financial Action Task Force (FATF))

FATF identifies countries or jurisdictions with serious strategic deficiencies to counter money laundering, terrorist financing, and financing of proliferation.

FATF Moves Forward in Combating Corruption and Illegal Fentanyl ... (Treasury)

Finally, the FATF's new work assessing the financial flows of drug traffickers will help the international community fight the global fentanyl and synthetic ...

The FATF is also working to finalize a report on money laundering and terrorist financing risks related to the trade in high-value arts, antiquities, and cultural objects. Second, the FATF will enhance assessments of countries’ efforts to implement the United Nations Convention on Corruption, the key international legal convention for national anti-corruption legal frameworks, through FATF mutual evaluations. First, the FATF will assess illicit finance risks and responses to criminal actors’ misuse of Citizenship by Investment and Residency by Investment schemes, often known as “golden passports”, to hide their activities through new identity documents. The Plenary also agreed to submit for public consultation draft amendments to Recommendation 25, which would aim to enhance beneficial ownership transparency for trusts and similar legal arrangements. These efforts, along with Treasury’s new rule curtailing the power of anonymous shell companies, will allow the United States and its allies to more effectively protect the international financial system from the corrosive effects of corruption and illicit finance. “Building on the unprecedented censure of Russia by the FATF in June, today the FATF again condemned the Russian war against Ukraine and took further steps to restrict Russia’s membership privileges, including curtailing its ability to engage in FATF’s work and banning it from participating in regional groups as a FATF member,” said Secretary of the Treasury Janet L.

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Image courtesy of "Business Today"

Pakistan taken off from FATF's grey list; Myanmar in black list (Business Today)

After four years, Pakistan has been taken off from the infamous grey list of FATF, the global watchdog on terror financing and money laundering, in the wake ...

A 15-member joint delegation of the FATF and its Sydney-based regional affiliate -- Asia Pacific Group-- paid an onsite visit to Pakistan from August 29 to September 2 to verify the country’s compliance with the 34-point action plan committed with the FATF. In 2018, the FATF had found Pakistan's deficiencies in its legal, financial, regulatory, investigation, prosecution, judicial and non-government sectors to fight money laundering and combat terror financing, which are considered serious threats to the global financial system. Kumar said there has been significant progress on the part of Pakistan to combat financial terrorism and money laundering which resulted Pakistan being taken off from the increased monitoring mechanism or the grey list. The team went down to Pakistan and found the high level political commitment of Pakistan not only act to combat financial terrorism and money laundering but ensuring reforms and strengthen the system," he said. In a statement, the Financial Action Task Force (FATF) said it welcomes Pakistan's significant progress in improving its anti-money laundering, and combating financial terrorism (AML/CFT) regime. Significantly, for the first time, the FATF put Myanmar in the "high-risk jurisdictions subject to a call for action", often referred to as the watchdog's black list.

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Pakistan is out of FATF 'grey list' on terror funding (The Hindu)

The decision came after 4 years of efforts on curbing terror financing, 34 point action plan.

Pakistan’s removal from the list was announced after a consensus decision of all 39-members, including India to accept the review of Pakistan’s efforts on strengthening its anti money laundering and combating terror financing (AML/CFT) mechanisms. Among the action plan tasks were that Pakistan align its laws to international laws on AML/CFT and pursue UNSC banned terrorists, including the prosecution of a number of terror groups and leaders including the Lashkar e Toiba’s (LeT’s) Hafiz Saeed, 26/11 handler Sajid Mir, commander Zaki Ur Rahman Lakhvi and others. Reacting to the decision, the Ministry of External Affairs said that Pakistan must continue to take “credible, verifiable, irreversible and sustainable” action against terror groups on its soil.

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Image courtesy of "Hindustan Times"

On FATF decision to let Pak exit grey list, India outlines what it has ... (Hindustan Times)

India's external affairs ministry spokesperson Arindam Bagchi noted that Pakistan will have to continue working with FATF's Asia Pacific Group (APG) to ...

Kumar also announced steps by the FATF that he said would effectively “sideline” Russia as a member of the watchdog in view of its aggression in Ukraine. FATF president Kumar said an onsite inspection by a FATF team that visited Pakistan at the end of August had established that the country had “largely addressed” all of the 34 action items. “The team verified both the sustainability of Pakistan’s reforms and, importantly, its commitment to continue to make improvements into the future. “As a result of FATF scrutiny, Pakistan has been forced to take some action against well-known terrorists, including those involved in attacks against the entire international community in Mumbai on 26/11,” he said. The reforms carried out by Islamabad were good for the security and stability of Pakistan and the region, he said. Pakistan was given two action plans with 34 action items to strengthen its ability to counter both fund-raising by terrorists and money laundering.

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Image courtesy of "The Indian Express"

Pakistan is off FATF's grey list: what does that mean? (The Indian Express)

The Financial Action Task Force (FATF) is commonly referred to as the world's “terrorism financing watchdog”, which means it is the author — and custodian — of ...

The Pakistani economy is in dire straits, and in desperate need of help and investment. FATF maintains a “grey list” of countries that it watches closely. FATF calls these countries “jurisdictions under increased monitoring”. After it (along with Nicaragua) was taken off the list, 23 countries remain under watch. On October 21, the FATF announced that “Pakistan has strengthened the effectiveness of its AML/CFT regime and addressed technical deficiencies to meet the commitments of its action plans regarding strategic deficiencies that the FATF identified in June 2018 and June 2021, the latter of which was completed in advance of the deadlines, encompassing 34 action items in total.” The Financial Action Task Force (FATF) is commonly referred to as the world’s “terrorism financing watchdog”, which means it is the author — and custodian — of an international regime that works to ensure that the flows of money in the global financial system are not misused to fund terrorist activities.

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क्या होती है FATF की ग्रे और ब्लैक लिस्ट, कौन से देश हैं शामिल, कितना ... (ABP News)

What Is FATF: पाकिस्तान को FATF की ग्रे लिस्ट से बाहर कर दिया गया है. FATF दुनिया में आतंकवाद की ...

ग्रे लिस्ट में शामिल देश FATF के साथ मिलकर काम करने को इच्छुक होते हैं. यहां ये स्पष्ट कर दें कि किसी देश को ग्रे लिस्ट में जोड़े जाने का मतलब कोई आर्थिक प्रतिबंध नहीं है बल्कि यह वैश्विक वित्तीय और बैंकिंग प्रणाली को संकेत देता है कि देश के साथ लेन-देन में जोखिम में वृद्धि हुई है. ग्रे लिस्टिंग का मतलब है कि FATF ने मनी लॉन्ड्रिंग और आतंकवाद के वित्तपोषण के खिलाफ उपायों पर अपनी प्रगति की जांच करने के लिए एक देश को निगरानी में रखा है. चलिए अब ये समझने की कोशिश करते हैं कि अगर किसी देश को FATF की ग्रे लिस्ट में डाल दिया जाता है तो उससे उस देश पर क्या प्रभाव पड़ता है. FATF उच्च जोखिम के रूप में पहचाने जाने वाले सभी देशों के सभी सदस्यों को बुलाता है और न्यायालयों को उचित देखभाल करने के लिए प्रोत्साहित करता है. साल 2018 में पाकिस्तान को इस लिस्ट में डाला गया था और चार साल बाद बड़ी राहत देते हुए लिस्ट से बाहर कर दिया गया है.

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Image courtesy of "Current Affairs"

Pakistan Removed from FATF Grey List on Terror Financing (Current Affairs)

Pakistan has been removed from the grey list of the Financial Action Task Force(FATF), the Paris-based global watchdog on money laundering and terrorist ...

Pakistan had completed most of the action items given to it by the FATF in 2018. This development comes more than four years after the FATF put Pakistan on its grey list for the country’s failure to check the risk of money laundering, leading to corruption and terror financing. Pakistan was placed in the grey list in 2018 for failing to keep a check on money laundering and terrorist financing.

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जानें- क्या है FATF जिसकी सूची से पाकिस्तान हुआ बाहर, ग्रे और ब्लैक ... (दैनिक जागरण)

पाकिस्तान को बीते दिन फाइनेंशियल एक्शन टास्क फोर्स (एफएटीएफ) की ग्रे-लिस्ट से बाहर कर ...

ग्रे लिस्ट में वे देश होते हैं जहां टेरर फंडिंग और मनी लान्ड्रिंग सबसे ज्यादा होती है। हालांकि यह देश आतंक को रोकने के लिए इस संस्था के साथ मिलकर काम करने को तैयार होते हैं। एक और जहां ग्रे लिस्ट वाले देश एफएटीएफ के साथ मिलकर काम करने को इच्छुक होते हैं तो वहीं ब्लैक लिस्ट में वह देश होते हैं जो आतंक और टेरर फंडिंग को खत्म करने में साथ नहीं देते हैं। पाकिस्तान को बीते दिन FATF की ग्रे-लिस्ट से बाहर किया गया है। इस लिस्ट से बाहर निकलने से पड़ोसी मुल्क को बड़ी राहत मिली है। आइए जानें आखिर यह FATF है क्या और इसकी ग्रे और ब्लैक लिस्ट में क्या अंतर है। ग्रे और ब्लैक लिस्ट में अंतर समझें

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Image courtesy of "अमर उजाला"

FATF Grey List: चार साल बाद एफएटीएफ की ग्रे लिस्ट से बाहर आया ... (अमर उजाला)

भारत विरोधी आतंकवादी समूहों के खिलाफ आतंकवाद से लड़ने के लिए पाकिस्तान की राजनीतिक ...

Stay updated with us for all latest [Hindi news](https://www.amarujala.com). [Hindi News App](https://play.google.com/store/apps/details?id=com.org.AmarUjala.news), iOS [Hindi News App](https://itunes.apple.com/in/app/amar-ujala-hindi-news/id1028364855) और [Amarujala Hindi News APP](https://www.amarujala.com/amar-ujala-app-download?utm_source=storypromo&utm_campaign=Storyappdownload) अपने मोबाइल पे "2nd country coming off FATF's list is Pakistan.

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FATF removes Pakistan from Grey List: एफएटीएफ ने पाकिस्तान को ग्रे ... (दैनिक जागरण)

पाकिस्तान FATF की ग्रे लिस्ट से बहार हो गया है। हालांकि पहली बार एफएटीएफ ने म्यांमार को ...

एफएटीएफ ने रूस को अपनी भविष्य की परियोजनाओं में भाग लेने से प्रतिबंधित कर दिया है। टी. राजा कुमार ने सिंगापुर से एक वर्चुअल प्रेस कान्फ्रेंस में बताया कि पेरिस में 20-21 अक्टूबर को हुई दो दिवसीय बैठक में यह फैसला लिया गया है। [Pakistan: FATF के फैसले से पहले IHRC ने बढ़ाई पाकिस्तान की मुश्किलें, मुल्तान में मिले शव का उठाया मुद्दा](/world/pakistan-ihrc-says-fatf-must-not-entertain-pakistan-request-to-take-it-off-grey-list-23155887.html) [यह भी पढ़ें](/world/pakistan-ihrc-says-fatf-must-not-entertain-pakistan-request-to-take-it-off-grey-list-23155887.html)

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FATF के फ्यूचर प्रोजेक्ट्स में हिस्सा नहीं ले पाएगा रूस, जानें क्यों लगा ... (आज तक)

फाइनेंशियल एक्शन टास्क फोर्स ने रूस के भविष्य की परियोजनाओं में भाग लेने पर रोक लगा दी ...

कुमार ने 2015 से FATF में सिंगापुर के प्रतिनिधिमंडल का नेतृत्व किया था. सिंगापुर के अधिकारी टी राजा कुमार ने 1 जुलाई 2022 को FATF के प्रमुख के रूप में जगह ली. दूसरी ओर FATF ने म्यांमार को ब्लैक लिस्ट में डाल दिया है. फाइनेंशियल एक्शन टास्क फोर्स ने रूस की भूमिका पर अतिरिक्त प्रतिबंध लगाने का फैसला किया है, जिसमें उसे वर्तमान और भविष्य की FATF परियोजनाओं में भाग लेने से रोक दिया गया है. उन्होंने कहा कि रूस ने यूक्रेन पर आक्रमण कर FATF के मूल सिद्धांत का उल्लंघन किया है. इसमें सदस्य के रूप में FATF के क्षेत्रीय साझीदार निकायों की बैठकों में भाग लेना भी शामिल है.

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Image courtesy of "Economic Times"

Engagement with FATF led to improvements in laws and procedures ... (Economic Times)

The Paris-based Financial Action Task Force (FATF), the global watchdog on terror financing and money laundering, on Friday removed Pakistan from a list of ...

As the country struggled to fulfill its obligations, another action place was given in June 2021. It said in a statement that it welcomes Pakistan's significant progress in improving its anti-money laundering and counter-terrorist financing (AML/CFT) regime as it has strengthened the effectiveness of its AML/CFT regime and addressed technical deficiencies to meet the commitments of its action plans. [Pakistan](/topic/pakistan)has formally responded to the [FATF](/topic/fatf)'s decision to remove it from its grey list, saying the country's engagement with the global watchdog has led to strategic improvements in its laws and procedures and made its domestic anti-terror financing and [money laundering](/definition/money-laundering)regime more resilient.

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Removal from FATF grey list to boost Pakistan's reputation | News ... (News Room Odisha)

Islamabad: Pakistans removal from the Financial Action Task Force's (FATF) list of countries would help boost the nations reputation and get a credit rating ...

Being on the grey list has had direct ramifications on the economic front with different challenges arising during the tenure Pakistan stayed in this category. Moreover, going forward, this should also help strengthen Pakistan’s case of re-rating and upgrading by the international credit rating agencies,” it added. Fitch typically does not assign outlooks to sovereigns with a rating of ‘CCC+’ or below.

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पाकिस्तान को FATF की ग्रे लिस्ट से हटाने पर भारत की दो टूक, जांच के कारण ... (दैनिक जागरण)

भारत ने कहा कि एफएटीएफ जांच के कारण पाकिस्तान को कुख्यात आतंकवादियों के खिलाफ कुछ ...

राजा कुमार ने सिंगापुर से एक वर्चुअल प्रेस कान्फ्रेंस में बताया कि पेरिस में 20-21 अक्टूबर को हुई दो दिवसीय बैठक में यह फैसला लिया गया है। नई दिल्ली, एएनआइ: भारत ने शुक्रवार को कहा कि फाइनेंशियल एक्शन टास्क फोर्स (एफएटीएफ) की जांच के कारण पाकिस्तान को कुख्यात आतंकवादियों के खिलाफ कुछ कार्रवाई करने के लिए मजबूर किया गया है। साथ ही यह भी कहा कि पाकिस्तान को अपने नियंत्रण वाले क्षेत्रों से आतंकवाद और आतंकवादी वित्तपोषण के विरुद्ध विश्वसनीय और सत्यापन योग्य कार्रवाई जारी रखनी होगी। भारत ने कहा कि एफएटीएफ जांच के कारण पाकिस्तान को कुख्यात आतंकवादियों के खिलाफ कुछ कार्रवाई करने के लिए मजबूर किया गया है। साथ ही यह भी कहा कि पाकिस्तान को अपने नियंत्रण वाले क्षेत्रों से आतंकवाद और आतंकवादी वित्तपोषण के विरुद्ध विश्वसनीय और सत्यापन योग्य कार्रवाई जारी रखनी होगी।

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FATF Grey List: आखिरकार 4 साल बाद एफएटीएफ की ग्रे लिस्ट से बाहर हो ... (Zee Business हिंदी)

फाइनेंशियल एक्शन टास्क फोर्स ने आखिरकार चार सालों बाद पाकिस्‍तान को अपनी ग्रे लिस्‍ट ...

ग्रे लिस्ट में होने के चलते पाकिस्तान की परेशानियां काफी ज्यादा बढ़ी हुई थीं. उस समय एफएटीएफ ने पाकिस्तान को आतंकवाद को होने वाली गलत फंडिंग, अनियमितता, जांच में कमी, गैर सरकारी संस्थानों में मनी लाड्रिंग को विश्व के वित्तीय सिस्टम के लिए बड़ा खतरा माना था और पाकिस्तान को 27 बिंदुओं पर काम करने के लिए कहा था. बता दें कि एफएटीएफ ने पाक को जब ग्रे लिस्ट में डाला था, तब उस पर मनी लांड्रिंग और टेररिस्ट्स को फाइनेंशियल हेल्प पहुंचाने के आरोप लगे थे. पाकिस्तान ने धन शोधन के खिलाफ प्रयासों को मजबूत किया है, वह आतंकवाद को मिल रहे वित्त पोषण से लड़ रहा है, तकनीकी खामियों को दूर किया गया है. इस बैठक के बाद पाकिस्तान के ग्रे लिस्ट से बाहर होने का ऐलान किया गया. फाइनेंशियल एक्शन टास्क फोर्स (FATF) की ग्रे लिस्ट से आखिरकार पाकिस्तान चार साल बाद बाहर आ गया.

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Explained | Why is Pakistan off FATF 'grey list'? (The Hindu)

Has it convicted leaders of terror groups and introduced anti-terror funding laws in line with international requirements? What is the top priority of the ...

Having followed this procedure, it was only to be expected that at the October plenary, Pakistan would earn a reprieve, and even some praise from the FATF president for completing its action plans. It submitted to the FATF that he was believed to be operating from Afghanistan, a claim the Taliban denied. While Pakistan has completed many tasks, a major sticking point remained: In June 2021, then FATF President Marcus Pleyer had asked Islamabad to address the last remaining item by “demonstrating that terror finance investigations and [the] prosecution target senior leaders and commanders of UN-designated groups”. Deliberations of the FATF are made in complete secrecy, and decisions are meant to be made strictly on the basis of technicalities and procedure, so the grey listing of Pakistan has to be seen in the totality of the process and measures it has undertaken. [Financial Action Task Force](https://www.thehindu.com/news/international/fatf-on-the-warpath-against-terror-financing/article31934817.ece), the global watchdog on anti-money laundering and combating financing terrorism (AML/CFT) efforts, announced [it would take Pakistan off its “grey list”](https://www.thehindu.com/news/international/terror-financing-watchdog-fatf-removes-pakistan-from-grey-list/article66041564.ece) of countries under “enhanced monitoring”, and welcomed what it called Pakistan’s “significant progress” in improving legal and government mechanisms. According to its mission statement, FATF members meet regularly to monitor various countries, “review money laundering and terrorist financing techniques and counter-measures; and promote the adoption and implementation of the FATF Recommendations globally”.

India responds to Pakistan's removal from FATF “Grey List” – (All India Radio)

What is FATF? The Financial Action Task Force (FATF) is an inter-governmental body, which is the global money laundering and terrorist financing watchdog. The ...

For India, the FATF has been an important and strategic measure to curb terrorism and dismantle the infrastructure supporting cross-border attacks. These countries are seen as to have “significant strategic deficiencies” in their financial systems that put them at risk of becoming part of the larger international financial system, and measures are being taken to address them. The Financial Action Task Force (FATF) is an inter-governmental body, which is the global money laundering and terrorist financing watchdog.

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