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What is FATF?
Financial Action Task Force the global money laundering & terrorist financing watchdog. An inter-governmental body that sets international standards aimed to prevent these illegal activities.
@FATFNews #OppositionBlackmail4NRO
Financial Action Task Force the global money laundering & terrorist financing watchdog. An inter-governmental body that sets international standards aimed to prevent these illegal activities.
@FATFNews #OppositionBlackmail4NRO
As a policy-making body, the FATF works to generate the necessary political will to bring about national legislative and regulatory reforms in these areas.
#OppositionBlackmail4NRO
#OppositionBlackmail4NRO
With more than 200 countries as signatories FATF Standards ensure a co-ordinated global response to prevent organised crime, corruption and terrorism & go after money of criminals dealing in illegal drugs, human trafficking and other crimes
#OppositionBlackmail4NRO
#OppositionBlackmail4NRO
The FATF currently comprises 37 member jurisdictions and 2 regional organisations, representing most major financial centres in all parts of the globe one of which being Asia Pacific Group
#OppositionBlackmail4NRO
#OppositionBlackmail4NRO
From 2019 Pakistan has been working really hard on upgrading their status in FATF
Overall performance in.2019 based on technical compliance
#OppositionBlackmail4NRO
Overall performance in.2019 based on technical compliance
#OppositionBlackmail4NRO
FATF has 2 lists
1.Grey
2. Black
Black list countries are those considered as Non-Cooperative Countries or Territories NCCTs supporting terror funding and money laundering activities & tax havens for terror funding
#OppositionBlackmail4NRO
1.Grey
2. Black
Black list countries are those considered as Non-Cooperative Countries or Territories NCCTs supporting terror funding and money laundering activities & tax havens for terror funding
#OppositionBlackmail4NRO
The Grey list, the one Pakistan seeks to move out of, lists those not essentially safe haven for supporting terror funding and money laundering but being given a kind of warning to curb mushrooming of such activities
#OppositionBlackmail4NRO
#OppositionBlackmail4NRO
Why is it so important to move out of the Grey list?
Such countries face threat of
*Economic sanctions from international institutions (IMF, World Bank, ADB etc.) & countries & difficulties in acquiring loans from them
#OppositionBlackmail4NRO
Such countries face threat of
*Economic sanctions from international institutions (IMF, World Bank, ADB etc.) & countries & difficulties in acquiring loans from them
#OppositionBlackmail4NRO
It may also face
*Overall Reduction in its international trade & in.extreme measures, International boycott
However, Pakistan government has been really working hard to meet the requirements set by FATF
#OppositionBlackmail4NRO
*Overall Reduction in its international trade & in.extreme measures, International boycott
However, Pakistan government has been really working hard to meet the requirements set by FATF
#OppositionBlackmail4NRO
Therefore, the #OppositionBlackmail4NRO is starkly clear to create pressure on an issue of national importance and Pakistan's economic and political stature in the international arena!
