Thread by @rsilpak

In 2018, #FATF gave Pak 27 Action Points to work on to get off the grey-list

This timeline highlights the legislative, regulatory and administrative actions taken by Pak since then

With Pak compliant on 24/27 action points, it can hope to get off the grey-list by June '21

29 June 2018:

#FATF places Pakistan on the list of "High Risk Jurisdictions subject to Enhanced Monitoring" owing to structural deficiencies in AML/CFT (Anti-Money Laundering & Countering the Financing of Terrorism) Frameworks.

Failure to improve could result in black-listing

4 March 2019:

Pakistan introduces SROs to implement #UNSC resolutions 1267 and 1373.

Preventive measures that include freezing and seizure of assets, arms embargoes and travel embargoes were enforced.

#UNSC1267 #UNSC1372

March 2019

Nationwide crackdown (under National Action Plan) on Jaish-e-Muhmmad, Falah-i-Insaniyat Foundation, & Jamat ud Dawah. Sindh, Punjab & Balochistan govts seized & took administrative control over establishments under these organizations. List of banned outfits updated

October 2019

65 frozen properties belonging to Jamaat ud Dawa, Falah-i-Insaniat Foundation and Jaish-i-Mohammad seized under the UNSC 1948 and UNSC Freezing & Seizure Order 2019.

Six properties belonging to Tehreek-i-Taliban Afghanistan also seized

October 2019:

#FATF Plenary Statement: Pakistan Compliant with 5/27 Points, retained on grey-list

FATF expressed serious concerns with the overall lack of progress by Pak to address its TF risks, including poor demonstration of an understanding of transnational TF risks

January-February 2020:

Amendments to Key Acts

Pakistan made amendments to many major acts:
- Foreign Exchange Regulation Act (Amendment) Bill 2020
- Mutual Legal Assistance (Criminal Matters) Bill 2020
- Amendments to the ATA 1997 (2020)
- Amendments to AMLA 2020.

February 2020:

FATF Plenary Statement: Pakistan Compliant with 14/27 Points, retained on grey-list

Despite improvements, FATF expressed concerns given Pak's failure to complete its action plan in line with the agreed timelines & in light of the TF risks emanating from it

Feb '20 - Sep '20:

Operations against terrorist groups

- Mulla Akhtar Mansour's properties worth over PKR32 million seized in Karachi
- CTD Punjab arrested suspected terrorists in Gujranwala
- Sindh decided to register all madrassas as educational institutions to minimise risks

Feb '20 - Sep '20:

Legislative Developments amending key AML/CFT laws

Parliament passes 15 laws based on #FATF recommendations
- changes to Anti-Terrorism Act, 1997,
- changes to the Anti-Money Laundering Act, 2010

October 2020:

#FATF Plenary Statement: Pakistan Compliant with 21/27 Points, retained on grey-list

FATF noted “significant progress made on a number of action plan items.”

Oct '20 - Feb '21

Multi-focal administrative response

More than 30 guidelines/rules/regulations were issued by regulatory bodies such as @StateBank_Pak, @SECPakistan, @FBRSpokesperson, @ForeignOfficePk, @FinMinistryPak (@Hammad_Azhar) to operationalise legislative changes

25 February 2021:

#FATF Plenary Statement: Pakistan Compliant with 24/27 Points, retained on grey-list.

Given time till June 2021 to achieve compliance with remaining 3 Action Points.