Pakistan’s Strategy to Address FATF Mandates was Inadequate on October 30, 2020Pakistan’s struggle to remove itself from the list of Jurisdictions under increased monitoring is yet to end. We as a nation witnessed this bizarre news when president of the Financial Action Task Force (FATF) announced that Pakistanwill remain in the grey list till February 2021 and urged Pakistan to swiftly complete its full action plan […]
Pakistan’s strategy to address FATF mandates was inadequate on October 29, 2020Pakistan’s struggle to remove itself from the list of Jurisdictions under increased monitoring is yet to end. We as a nation witnessed this bizarre news when president of the Financial Action Task Force (FATF) announced that Pakistanwill remain in the grey list till February 2021 and urged Pakistan to swiftly complete its full action plan […]
Pakistan’s evolving FATF compliance on October 14, 2020It’s been more than two years since Pakistan was placed on Financial Action Task Force (FATF) grey list for the second time. Pakistan was the second country in the South Asian Association for Regional Cooperation (SAARC),which was placed on this list after Sri Lanka. However, Sri Lanka implemented the FATF agenda and was placed back […]
Transparency Curtails Corruption on April 12, 2020White-collar crimes severely impact economies. The most common crimes include corruption, tax evasion, insider trading, embezzlement, cybercrimes, money laundering, copyright infringements and professional frauds. However, corruption and money laundering have the most severe impact on our global economy. What is the cost of white-collar crimes? According to the United Nations (UN) Secretary General, international corruption […]
Pakistan’s compliance with FATF mandates, a work in progress on March 14, 2020The Financial Action Task Force (FATF) is an intergovernmental body that promulgates financial standards to combat money laundering and terrorist financing. When FATF member nations are non-compliant, they are labeled as high risk and can be placed on a ‘Grey or Black’ list, which leads to severe economic consequences as a result of reduced foreign […]