Environmental crimes: An emerging challenge on July 17, 2021The Financial Action Task Force (FATF), as an inter-governmental and international watchdog body, is playing an important role to protect our financial system from those who intend to pollute it. The organization works with an objective to identify the jurisdictions which pose higher risk to the global financial system and work with them to strengthen […]
Pakistan: Dissecting FATF Failure on June 30, 2021The incompetence and lack of understanding of the incumbent government has once again proven fatal as all their efforts to shift Pakistan from the list of jurisdictions with increased monitoring (grey list) to countries enjoying the status of cooperative jurisdictions were rendered futile. Repeated fiascos of coalition Government of Pakistan Tehreek-i-Insaf (PTI) on Financial Action […]
Pakistan: Crucial FATF hearing on June 23, 2021The last meeting of the FATF in February 2021 concluded on a mix note for Pakistan. FATF acknowledged significant progress made by Pakistan on the entire action plan where Pakistan successfully made progress across all action plan items and largely addressed 24 of the 27 action items. However, on the flip side it explicitly stated […]