Home Economy and Finance 57% increase in number of suspicious transactions despite grey listing: FATF tightens noose on Pakistan

57% increase in number of suspicious transactions despite grey listing: FATF tightens noose on Pakistan

Only the successful implementation of the targeted plan and the verification of the objectives attained will determine whether Pakistan will be moved out of the grey list or shifted into the blacklist by September 2019.

The Paris-based Financial Action Task Force (FATF) continues to mount pressure on Pakistan to fulfill the commitments it made to curb terror financing and money laundering risks to the global financial system. The FATF today issued another warning to Pakistan regarding the increase in suspicious transactions in 2018 and 2019.

As per the data released by FATF News today, 8707 suspicious transactions have been reported in 2018. About 57% higher than that of 2017. About 1,136 STRs were issued in January and February this year alone. This comes on the heels of the warning it had issued on February 22, 2019. It had then condemned the attack on CRPF convoy in unequivocal terms, calling upon Pakistan to curb terror financing to impose restrictions on the actions of terror outfits.

Also read: How the latest FATF financial sanctions will hurt Pakistan

- Ad - - article resumes -

Jaish-e-Muhammad terror outfit claimed the responsibility of the Pulwama attack. Since the attack, the Indian government has doubled down on its efforts to amplify pressure on Pakistan and render it diplomatically isolated on every possible front. The warning issued by FATF can be considered as a result of India’s multi-pronged diplomatic effort. The FATF had expressed its concern and condemned the Pulwama attack, saying such terror attack harm societies and citizens around the world, which is not possible without money and the means to move funds among terrorist supporters.

The next review of Pakistan’s progress will be undertaken by the FATF in June 2019. Pakistan made an ambitious political commitment to work with the FATF and APG to address its strategic counter-terrorism financing-related insufficiencies by implementing an action plan to accomplish the listed objectives in June 2018. Only the successful implementation of the targeted plan and the verification of the objectives attained will determine whether Pakistan will be moved out of the grey list or shifted into the blacklist by September 2019.

Help Opindia Reach Every Indian. Share This Post
We need your support to survive in the media industry. Please consider paying us for the content we produce:

To know more about these payments, please click here.


Big Story

As Barkha had predicted, the Sibals also blamed the newly-elected Narendra Modi government for the advertisers to back off. Lack of advertising revenues led to deepening of their financial troubles, they claim. 

2019 World Cup Is Here!

Catch the latest on Cricket World Cup as it unfolds, special coverage by Opindia

Proud to be a brand - Made in India?
Now, Advertise on Opindia

Mangalore: Mohammad Ansari rapes a cow by tying its limbs, villagers catch him in the act, arrested

The villagers also made Ansari touch cow’s feet and ask for forgiveness for raping her. However, when Ansari approached the calf, the animal freaked out and started running.

Interview: Former RAW officer makes further shocking revelations about Hamid Ansari after alleging that he endangered lives of RAW officers in Iran

In this exclusive interview, Former RAW (Research and Analysis Wing) officer NK Sood makes further revelations about his time in Iran, Hamid Ansari and the vilified scientist Nambi Narayanan

Kapil Sibal claims Barkha Dutt was sacked before her tweets, won’t be paid anymore, Barkha says Sibal is lying

As Barkha had predicted, the Sibals also blamed the newly-elected Narendra Modi government for the advertisers to back off. Lack of advertising revenues led to deepening of their financial troubles, they claim. 

Abusive actor Ajaz Khan arrested by Mumbai Police for instigating violence through social media

Mumbai Police arrests small-time actor Ajaz Khan after he mocked the police on TikTok
Kapil Sibal backed Tiranga TV senior producer accused of sexual harassment

Tiranga TV in yet another controversy: Girl accuses senior producer of sexual harassment, makes lewd chats public

A girl has accused the senior producer of Kapil Sibal backed Tiranga TV of sexual harassment. Himanshi Gupta took to Twitter to make lewd WhatsApp chats public.

Live updates Karnataka Trust Vote: Governor may step in if he feels that there is a constitutional crisis in the state

JDS-Congress government of Karnataka is facing their second floor test after assembly elections were held in May last year.
Image Source: Newstate

Campaign to raise funds for Richa Bharti, who was ordered to distribute Quran by Ranchi court, surpasses target within hours

A 19-year old college student, Richa Bharti was ordered to distribute 5 copies of Quran as a condition of bail by the Ranchi court

Conversion at Karnataka High Court? Islamic proselytising organisation distributed Quran among judges and advocates

Salaam Centre engages in 'Dawah' or the Islamic practice of converting non-Muslims to Muslim.
Image Source: Newstate

Richa Bharti case: Ranchi Court takes back order to distribute Quran after state govt and investigating officer’s request

The Ranchi Court, which had ordered Richa Bharti to distribute 5 copies of the Quran as a condition for bail, has been forced to take back its ridiculous judgment.
Donald Trump took to Twitter to praise Pakistan for Hafiz Saeed' arrest

Hafiz Saeed was living freely in Pakistan, so hold your applause: US Committee gives Donald Trump a reality check

The US House Foreign Affairs Committee had to remind Donald Trump that Hafiz Saeed did not need any searching or finding so he should rather hold his applause.
Subscribe to Day's Top Stories
- Advertisment -

Latest articles

Connect with us

173,593FansLike
158,679FollowersFollow
74,829SubscribersSubscribe
Help Opindia Reach Every Indian. Share This Post