Pakistan faces FATF grilling in Bangkok, 125 question-test for Imran

Trouble mounted on Pakistan on Monday as team from Pakistan was questioned in Bangkok in face to face meeting with Financial Action Task Force (FATF) regarding terror-financing. As questioning began on Monday in Bangkok, team from Pakistan answered 125 questions by FATF. task force committee will also evaluate Pakistan's compliance on its 27-point action plan in Bangkok. team from Pakistan is attempting to make efforts to exclude Pakistan's name from grey list of FATF. Imran Khan also faced global defeat when financial watchdog Financial Action Task Force's (FATF) Asia-Pacific division put Pakistan in an "enhanced blacklist".

team from Pakistan includes 20 members led by Federal Minister for Ecomic Affairs Hamm Azhardia and a few members from Federal Investigation ncy, State Bank of Pakistan, Federal Board of Revenue, Anti Narcotics Force and intelligent ncies. A crucial meeting ahe of October FATF Plenary in Paris, when Pakistan's progress and listing will be reviewed.  plenary and working group meetings of task force is scheduled for October 13-18 in Paris.

Pakistan team to meet with FATF on terror financing in Bangkok

 Asia-Pacific Group of global financial watchdog Financial Action Task Force (FATF) placed Pakistan in "enhanced blacklist" for its inaction against terror funding perpetrating on its soil. This development came a day after Pakistan submitted its compliance report on its 27-point action plan to Financial Action Task Force (FATF) in hope to for a possible exit from grey list. However, APG (Asia/Pacific Group on Money Laundering) placed Pakistan in Enhanced Expedited Follow Up List (Black List) for failure to meet its standards, after FATF found Pakistan n-compliant on 32 of 40 compliance parameters on money laundering and terror financing.

" APG has placed Pakistan in Enhanced Expedited Follow Up List (Black List) for failure to meet its standards," an Indian official said in development.

Indian Army checkmates Pakistan with video proof of foiled BAT attack

FATF APG Meeting

Furrmore, on 11 effectiveness parameters, Pakistan was judged as Low as 10.  FATF APG meeting was held in Canberra, Australia and discussions lasted over seven hours over two days. APG is regional affiliate of FATF and its decisions have a large bearing on organisation’s decisions on Pakistan. w, Pakistan has to focus on avoiding Black List in October 2019, when 15-month timeline ends on FATF's 27-point Action plan. global watchdog, earlier in June, h asked Imran Khan government to curb terror financing by October or face actions. Pakistan was asked to take action against UN-designated terrorists including Hafiz Saeed and Masood Azhar, who are operating on its soil. 

If Pakistan will stay on greylist or is blacklisted, it will be facing a financial downgre and restrictions on its markets. It will also have a tough time managing capital inflows from IMF (International Monetary Fund) and or ncies. This would also include servicing its debt that ds up to about 25% of government’s revenues at present. 

Pakistani astronaut hails India, congratulates ISRO's historic attempt

Pakistan min who got a shock on saying 'Modi' banned by Pak press club