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Analyzing FATF’s Concerns and Actions taken by Pakistan for Compliance
Abstract
The Financial Action Task Force (FATF) on June 25, 2021, announced that the status of Pakistan being on its grey list will remain unchanged till it rectifies the single remaining item on the First action plan agreed in June 2018 even Pakistan has made substantial development and it has mostly straightened out 26 out of 27 items on the action plan. Since August 2018, Pakistan has been dealing with the FATF to avoid its harsh conditions. The study aims to examine the conditions laid down by the FATF vis-à-vis measures taken by Pakistan for compliance with these conditions and also analyze the current position of Pakistan and also evaluate the six more action items added in the existing actions plan. Qualitative research has been carried out for this research paper.
Authors
Dr. Asma Iqbal
Assistant Professor, Govt. Graduate College for Women Samanabad Lahore, Punjab, Pakistan
Dr. Uzma Naz
Assistant Professor, School of International Relations Minhaj University Lahore, Punjab, Pakistan
Keywords
FATF Compliance, Grey list, Money Laundering, Pakistan, Terror Financing
