It is important to note that the FATF is not just a terrorist watch list but a global policymaker and standard setting body mandated to prevent money laundering and terrorist financing. Countries’ efforts to implement 40 anti-money laundering and counter-terrorist financing recommendations are evaluated for progress against 11 Immediate outcomes. Staying off the watch list is in everyone’s interest and needs to involve a variety of sincere professionals from across Pakistan’s civil society, ministries, government and the State Bank. The fact is that the FATF is more than a terror watch list and it demands the attention of multiple sectors. Like Opinion & Editorial on Facebook, follow @ETOpEd on Twitter to receive all updates on all our daily pieces.

Source: The Express Tribune February 17, 2018 05:15 UTC