The Philippines is again placed in the “grey list” of Paris-based Financial Action Task Force (FATF), one of 22 countries found with serious Anti-Money Laundering and Combatting the Financing of Terrorism (AML/CFT) deficiencies, which raises the risk of “dirty money” transactions on trade and remitt
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At its June 2021 Plenary, the FATF has made “the initial determination that Mauritius has substantially completed its Action Plan and warrants an on-site assessment to verify that the implementation of Mauritius’s AML/CFT reforms has begun and is being sustained, and that the necessary political commitment remains in place to sustain implementation in the future.” This is a determining step towards exiting the FATF List of “Jurisdictions Under Increased Monitoring”. Mauritius has been commended by the FATF for the progress achieved in addressing the strategic deficiencies especially under difficult circumstances caused by the COVID-19 pandemic.
The FATF will now conduct an onsite visit at the earliest possible date following which a decision will be taken by the FATF, at its Plenary scheduled for October 2021, on the delisting of Mauritius from the grey list.
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Home / International / Previous Pakistan governments did not curb terrorist financing and money laundering: Shah Mahmood Qureshi
Previous Pakistan governments did not curb terrorist financing and money laundering: Shah Mahmood QureshiInternational 2021-06-24, by Editor Comments Off 0
ISLAMABAD: With the FATF set to discuss a report on the progress made by Pakistan on the implementation of a 27-point action plan this week, foreign minister Shah Mahmood Qureshi has alleged that previous governments did not take steps to curb money laundering and terrorist financing in the country.
The Paris-based Financial Action Task Force (FATF) placed Pakistan on the grey list in June 2018 and asked Islamabad to implement a plan of action to curb money laundering and terror financing by the end of 2019 but the deadline was extended later on due to the Covid-19 pandemic.
Previous Pakistan governments did not curb terrorist financing, money laundering says minister deccanherald.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from deccanherald.com Daily Mail and Mail on Sunday newspapers.