Latest Post | Page 883 of 1373 | IASbaba

SPEAK TO MENTOR - CALL NOW!

SUBSCRIBE

Pakistan to remain FATF’s ‘Grey List’

In news:

The International Co-operation Review Group (ICRG) of the Financial Action Task Force (FATF) recommended that Pakistan be retained on the ‘Grey List’.
Pakistan was placed on the grey list by the FATF last year for failing to curb anti-terror financing

Why?

Due to it’s failure to completely implement the 27-point action plan to check terror financing

From Prelims Point Of View:

Financial Action Task Force (FATF)

Inter-governmental body established in 1989 on the initiative of the G7.
Secretariat is housed at the OECD headquarters in Paris.
Generate the necessary political will to bring about national legislative and regulatory reforms in various areas
to set standards and promote effective implementation of legal, regulatory and operational measures
Combating money laundering, terrorist financing and other related threats to the integrity of the international financial system.

Your Name *

Your Email *

Subject

Comments *

Search now.....