Pakistan to remain in FATF grey list till February.

[Shahzaz ud din]

 

[Flight of falcon]

What about the very dark gray list India created ????

 

[Bossman]

I can almost hear Doval and others in India licking their a$$es. They were so confident that Pakistan was going to get blacklisted. The dark grey list was a fig leaf to cover their stupidity.

 

[Thamizh Puli]

obviously grey list on terror financing is better than black list. an opportunity to clean up ones act

 

[bafxet]

I can almost hear Doval and others in India licking their a$$es. They were so confident that Pakistan was going to get blacklisted. The dark grey list was a fig leaf to cover their stupidity.

But we narrowly escaped and tougher conditions are set to get things in order.

 

[VCheng]

The development has struck down all Indian efforts to get Pakistan into the blacklist.

No. Pakistan's request to be given a grace period has been allowed for a period of four months during which it must complete its compliance, or be subject to further action. That is all.

 

[jupiter2007]

Pakistan avoids terror financing blacklist ... for now

Thats the title from Al-Jazeera.

Pakistan needs to overhaul its Banking System.
It will help alot the Pakistani State itself and especially the Lower and middle class.
Pakistan needs to lower the flow cash and switch to Mobile or online Banking, With Newer mobile, i really dont get it why i dont see any major push from any of the Pakistani previous and current Govs.

Using Banks will help them grow which can be used in investing smaller starts ups.
Easier Money Trail for all the Govs especially for NAB.
Even people keep less Cash, it will directly lower the crime rate and create new tons of new jobs & improve foreign investment on a smaller scale.

Corrupt mafia doesn’t want that. If the whole economy become digitalized, it will be impossible to do money laundering.
Also, Pakistani banking sector is at least 15 to 20 years behind our neighbors and it will require massive investment in banking sector to fix it.

 

[Shahzaz ud din]

Pakistan to come out of FATF grey list in 2020: minister
By
INP
-
October 19, 2019
0
24

ISLAMABAD: Pakistan has set a target to complete all items on its Financial Action Task Force (FATF) action plan and get upgraded from the grey list to the white list in 2020, said Economic Affairs Minister Muhammad Hammad Azhar.

Taking to social media site Twitter, the minister stated that a coordinated effort from all regulators, law enforcement agencies (LEAs), federal and provincial government departments was already underway in this regard.

“Pakistan has targeted to complete all items on its FATF action plan and InshAllah upgrade from the grey list to the white list of FATF in 2020. A coordinated effort from all Regulators, LEAs, Federal and Provincial Govt Depts is already underway in this regards,” he tweeted.


Hammad Azhar@Hammad_Azhar
· 22h

FATF has noted progress already achieved by Pakistan during the last one year and especially in the last 4 months. However, more work needs to be done as our action plan is perhaps the most ambitous and challenging ever handed out to any country. 1/2


Hammad Azhar@Hammad_Azhar

Pakistan has targeted to complete all items on its FATF action plan and InshAllah upgrade from the grey list to the white list of FATF in 2020.
A coordinated effort from all Regulators, LEAs, Federal and Provincial Govt Depts is already underway in this regards.


Azhar further informed that the FATF had noted progress already achieved by Pakistan during the last one year, particularly in the last four months. However, he added, more work was needed to be done as the country’s action plan was perhaps the most ambitious and challenging ever handed out to any country.

“FATF has noted progress already achieved by Pakistan during the last one year and especially in the last four months. However, more work needs to be done as our action plan is perhaps the most ambitious and challenging ever handed out to any country,” the minister tweeted.


Hammad Azhar@Hammad_Azhar
FATF has noted progress already achieved by Pakistan during the last one year and especially in the last 4 months. However, more work needs to be done as our action plan is perhaps the most ambitous and challenging ever handed out to any country. 1/2

It is pertinent to mention that the FATF Plenary meeting was held from 13-18 October in Paris, where the Pakistani delegation was led by Hammad Azhar.

The FATF meeting on the occasion considered Pakistan’s progress report on the FATF Action Plan and APG Mutual Evaluation report (MER).

Pakistan’s delegation had reaffirmed its political commitment to fully implement the action plan.

The FATF plenary meeting decided to maintain status quo on the FATF Action Plan and allow the usual 12 months observation period for the APG MER.

The delegation had also held sideline meetings with various delegations and briefed them about the progress made by Pakistan on the FATF Action Plan and steps taken for strengthening its Anti-Money Laundering/Combating the Financial Terrorism regime.

dark grey list

 

[Wrath]

Lol look at the delight on knowing Pakistan is staying in grey list. Sure India didn't get to put Pakistan in black list. But do you even know what being in grey list means?

The government has calculated that Pakistan will face USD 10 billion loss annually if it remains in the 'grey list'. This is said by your own Foreign Minister Qureshi.

Now please celebrate it by all means. Lol

Sorry you missed a line " Till February 2020" .


Just updating .



:endianalert:

 

[Wrath]

It is list in grey list?how it is a success for IK?it could be termed a success only if he succeeded in getting paks name removed from that greylist and moreover is this the official press release?isnt result going to be announced on 18?

In grey list till "2020" . Do the maths , d1ckweed

 

[IndianGuy_]

Sorry you missed a line " Till February 2020" .


Just updating .



:endianalert:

I think that was obvious.

Another update is the President of FATF who's from China categorically warning that if all conditions aren't met by Feb, it will result in blacklisting.

 

[PAKISTANFOREVER]

I think that was obvious.

Another update is the President of FATF who's from China categorically warning that if all conditions aren't met by Feb, it will result in blacklisting.

Can you post a link to the source for your anove post?

 

[Ashwasthama]

My goodness, we are NOT going to be placed in the Black List? This is death for India.....RIP India!

Congratulations for remains in grey list. It is a remarkable achievement. Cheers.

 

[darksider]

27 points FATF gave Pakistan. Pakistan only complied with 5 yet.
this huge incompetency of pmln and pti gov including bureaucracy.
our Govs did not train our agencies to fight with money laundering because they were involved in it.
we are helping india with our incompetence. our own faults giving them the chance to lobby against pakistan.they are using these points against Pakistan.

 

[jupiter2007]

27 points FATF gave Pakistan. Pakistan only complied with 5 yet.
this huge incompetency of pmln and pti gov including bureaucracy.
our Govs did not train our agencies to fight with money laundering because they were involved in it.
we are helping india with our incompetence. our own faults giving them the chance to lobby against pakistan.they are using these points against Pakistan.

No more excuses, it’s time to fix things. It should be IK’s top priority.