Monday, May 29, 2023
  • Janam TV Malayalam
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms of Services
Janam TV English
  • ‌
  • News
    • Kerala
    • India
    • Gulf
    • World
  • Business
  • Defence
  • Tech
  • Science
  • Health
  • Podcast
  • ‌
    • Travel
    • Entertainment
    • Lifestyle
    • Sports
    • Guest Column
    • Auto
No Result
View All Result
  • ‌
  • News
    • Kerala
    • India
    • Gulf
    • World
  • Business
  • Defence
  • Tech
  • Science
  • Health
  • Podcast
  • ‌
    • Travel
    • Entertainment
    • Lifestyle
    • Sports
    • Guest Column
    • Auto
No Result
View All Result
Janam TV English
No Result
View All Result
  • News
  • Business
  • Defence
  • Health
Home News World

Pak on edge before the FATF meeting to scrutinise compliance report

by Janam Web Desk
Oct 13, 2019, 09:03 am IST
in World

Brussels: The Financial Action Task Force (FATF) Plenary and Working Group meetings will begin in Paris from Monday. And it seems to be a testing time for Pakistan as the country has to prove the measures taken against outfits and persons involved in offences of money-laundering and terror financing.

Pakistan was placed on the Grey List in June 2018 by the FATF and came up with 27-point Action Plan for graduating it within one year period.

The 27-point Action Plan includes safeguards against money-laundering and terror-financing by banned outfits and non-government entities through banking and non-banking jurisdictions, capital markets, corporate and non-corporate sectors like chartered accountancy, financial advisory services, cost and management accountancy firm, jewellery and similar related services.

And if Pakistan fails to meet the implementation of the 27-point plan, the country would be blacklisted.

In August 2019, Asia Pacific Joint Group (APJG) placed Pakistan in the Enhanced Follow up list for failure to meet its standards.

According to the reports, Pakistan is reported to have satisfied the Group on only 6 of 27 items in its Action Plan, most of which are oriented towards resolving Pakistan’s issues regarding effectiveness.

Pakistan has been reaching out to all the member nations to assure them that it has been progressing in completing its Action Plan. Some diplomats from the USA and Europe believe that if Pakistan is blacklisted if unaccompanied by countermeasures, would not, significantly impact the Pakistani economy, while it would surely push the country to complete the Action Plan much faster.

Tags: FEATUREDMAIN
ShareTweetSendShare

Related News

5 Afghan passengers held at IGI Airport; 370 ingested capsules of heroin recovered
Kerala

Drug haul in Kochi; foreign lady arrested with 1 kg heroin, DRI intensifies investigation

ISRO’s GSLV rocket successfully launches to place the NavIC satellite into orbit
India

ISRO’s GSLV rocket successfully launches to place the NavIC satellite into orbit

Ten people including two DMK councilors arrested: Police identifies them in CCTV
News

Ten people including two DMK councilors arrested: Police identifies them in CCTV

Latest News

Kerala: Man suspected of coronavirus infection dies due to heart attack

Farmer commits suicide in Wayanad

Randeep Hooda to essay the role of freedom fighter Savarkar in a biopic

Randeep Hooda to essay the role of freedom fighter Savarkar in a biopic

ATM cash-loading employee hit by a car and robbed of Rs.13 lakh

ATM cash-loading employee hit by a car and robbed of Rs.13 lakh

Assam is ready to welcome their first Vande Bharat express today: Prime Minister Modi to flag off

Assam is ready to welcome their first Vande Bharat express today: Prime Minister Modi to flag off

Only 15% of higher education institutions in Kerala have NAAC accreditation, says Kerala State Higher Education Council

Only 15% of higher education institutions in Kerala have NAAC accreditation, says Kerala State Higher Education Council

Rajya Sabha member A A Rahim says that there exists a presence of SFI in United Kingdom

Rajya Sabha member A A Rahim says that there exists a presence of SFI in United Kingdom

Hotel owner Siddique was honey trapped by Farhana and others; he was killed after he refused to pay Rs.5 lakhs

Hotel owner Siddique was honey trapped by Farhana and others; he was killed after he refused to pay Rs.5 lakhs

Predicted swell waves and rough sea; extreme caution on Kerala coast

Predicted swell waves and rough sea; extreme caution on Kerala coast

  • Janam TV Malayalam
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms of Services

© Janam Multimedia Limited

No Result
View All Result
  • ‌
  • News
    • Kerala
    • India
    • Gulf
    • World
  • Business
  • Defence
  • Tech
  • Science
  • Health
  • Podcast
  • ‌
    • Travel
    • Entertainment
    • Lifestyle
    • Sports
    • Guest Column
    • Auto

© Janam Multimedia Limited