FATF compliance: Govt takes fresh measures against terror financing

Published December 19, 2018
Pakistan faces race against time to avoid being blacklisted by FATF. — File
Pakistan faces race against time to avoid being blacklisted by FATF. — File

The federal government has approved fresh measures to avoid being blacklisted by an international group that monitors money laundering and terror financing, a trio of officials told AP on Wednesday.

Three officials told the news agency that the new measures would prevent suspected militants from operating bank accounts and illegally transferring money by air, land and sea.

They spoke on condition of anonymity because they were not authorized to discuss the decision with reporters.

The Paris-based Financial Action Task Force (FATF) placed Pakistan on a “grey list” earlier this year but gave it time to take action before a further downgrade.

Any further demotion, it is feared, could deter foreign investors and hinder Pakistan's access to international markets amid a fiscal crisis.

The PTI government is set to submit a compliance report to the FATF in the first week of January.

Opinion

Editorial

‘Missing’ LGs
29 Jun, 2026

‘Missing’ LGs

Across the world, successful civic governance is made possible through effective, responsive local bodies, which are closest to the voter.
Audit or ritual?
29 Jun, 2026

Audit or ritual?

THE AGP’s latest audit report of federal civil accounts is a detailed record of governance failures and...
Al Aqsa under threat
29 Jun, 2026

Al Aqsa under threat

NOT satisfied with the genocidal violence it has unleashed in Gaza, the current Israeli administration is doing all...
Truce tested
Updated 28 Jun, 2026

Truce tested

The latest US-Iran exchange should therefore be treated not as proof that dialogue has failed, but as a warning of how easily it could.
Paper promises
28 Jun, 2026

Paper promises

WHAT is a UNSC resolution worth if it is never implemented? Pakistan and China felt compelled to convene an informal...
Still the masters
28 Jun, 2026

Still the masters

CRISTIANO Ronaldo and Lionel Messi do not seem to be going away quietly. At least, not yet. The duo might have left...