Online Course via Zoom
FATF and Pakistan: Why are We still on the Grey List?
Thursday, August 26, 2021
Timings: 10:00 am – 03:30 pm
Pakistan was repeatedly placed on the “Grey list” by the Financial Action Task Force (FATF); latest in June 2018. In June 2021, the FATF has announced that although Pakistan has made significant progress, showed stronger commitment and largely addressed 26 out of 27 action items it had committed in the 2018 action plan, Pakistan will remain on the FATF grey list. Pakistan also needs to deliver on six new parallel action points to address ‘deficiencies’ in its Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) regime.
The PILDAT Online Course on FATF and Pakistan: Why are We still on the Grey List? has been designed to explore what are, and if any, remaining issues in our Anti-Money Laundering (AML) and Terrorist Financing (CFT) jurisdictions and what reforms may be required to be removed from the FATF review process.
In conversations with leading experts, the PILDAT Course has been designed to impart an informed understanding to participants on what led Pakistan repeatedly to be on the FATF grey list and what is holding Pakistan back now from carrying out and implementing necessary reforms to address any possible remaining issues.
The PILDAT Online Course is open to anyone interested in learning about the FATF, its grey-list, Pakistan’s progress and any possible deficiencies in our system which may be keeping Pakistan on the grey list. The Online Course is beneficial for all Pakistanis, Overseas Pakistanis and foreign nationals interested in understanding Pakistan’s AML/CFT jurisdictions and relationship with FATF. In addition, the Course will impart crucial learning on the inner working of the system of Pakistan’s government, financial institutions, Parliament and our international relations in addressing key questions. Participants wishing to join the Online course can join from any field or background. The online course is open for paid registration to anyone including the following:
- Working in Financial and Banking Sectors
- Working in the Development Sector
- Politicians and MPs
- Government Servants
- Media Professionals
- Working in Think Tanks
- Academics from various fields
- Students of Economics, Politics, Law, International Relations, etc.
- Young Pakistanis aspiring for Civil Service Exams
- Anyone simply interested in understanding Pakistan’s journey with FATF
PILDAT Online Course FATF and Pakistan: Why are We still on the Grey List? is a paid, though significantly subsidized course. Anyone interested to participate in the online course can do so after paying a token Registration Fee of PKR 5,000.
Certificates of completion will be given to successful participants of the course after completing the course.
The one-day online course is being held virtually according to the following plan:
Day & Date: Thursday, August 26, 2021
Time & Duration: 10:00 am – 3:30 pm (PKT)
Mode of Conduct: Virtual Via Zoom (Link to Join the Online Course will be shared with participants who have submitted paid registration.)
Language: Largely English though participants comfortable with Urdu can engage in Q&A/Discussion in Urdu language also.
In order to join the course, everyone interested is required to make a paid registration latest by Tuesday, August 24, 2021. Please click on the Register Now button below to complete your paid registration.
The PILDAT Online Course Registration Fee Refund Policy applies to those individuals who, after submitting paid registration, choose to opt out of attending the course up to 1 week before the start of the course and notify PILDAT about their decision to do so. In such a scenario, PILDAT will refund 75% of their paid course registration fee.
The course outline may be subject to change. Please revert to this page close to the Course date for updated agenda.
Participants to Join the Course online via Zoom.
Ms. Aasiya Riaz
Joint Director PILDAT
Mr. Ahmed Bilal Mehboob
Where does Pakistan stand today regarding progress on getting out of APG/FATF Grey List?
Dr. Reza Baqir
Governor State Bank of Pakistan
- Pakistan is placed on the FATF grey list since June 2018. What does it mean for Pakistan.
- During the past three years since June 2018, Pakistan has addressed 26 out of 27 action items by FATF but still remains on the grey list. What is the 27th action item and six or seven additional points and why it could not be addressed earlier?
- Since June 2018, Pakistan has sought and received several extensions from APG/FATF. What has held up our progress and why?
- What can Pakistan do to avoid getting on the grey list again?
- How far does international politics affect our case? What have we done about it?
How can we avoid the APG/FATF grey list in the future?
A Banker’s perspective
Mr. Zafar Masud
President and CEO, The Bank of Punjab
- Pakistan was placed on the FATF grey list in June 2018. How has it affected the credibility of the State, its financial institutions and our banks especially their international dealings?
- Has the performance of Pakistani Banks been questioned in any way in the context of placing Pakistan on the grey list?
- How can Pakistan expeditiously get out of the APG/FATF ‘grey list’? How can Pakistan avoid grey list in the future?
- How do you view the progress so far made to get out of the grey list?
- Do bankers need better training on APG/FATF regime to conform better to the requirements?
Perspective from Parliament
Engr. Khurram Dastgir Khan
MNA, Former Federal Minister for Commerce & Defence
- Pakistan was placed on the FATF grey list in June 2018. Since then, Pakistan has addressed 26 out of 27 action items by FATF but still remains on the grey list. What role has Parliament, especially respective Standing Committees on Finance, played in overseeing Pakistan’s progress?
- Are committee members aware of the action items and Pakistan’s progress?
- How many briefings have been made to the committee by the concerned Pakistan Govt. Officials or such briefings sought by the committee? Are you satisfied with the level of knowledge and competence demonstrated in the briefings?
- Does the committee have a checklist of progress and a follow-up process?
- What has been the biggest stumbling block in Pakistan getting off the FATF grey list?
End of Course
PILDAT, founded in 2002, is an independent think tank focused on political and public policy research, capacity building and training, policy reform, oversight and policy advocacy. As an indigenous institution, PILDAT’s mission is to strengthen democratic governance in Pakistan.For further queries, please contact: [email protected]