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FATF AND TERROR FINANCING THE PERSPECTIVE OF PAKISTAN

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01 Pages : 1-10

http://dx.doi.org/10.31703/ger.2021(VI-II).01      10.31703/ger.2021(VI-II).01      Published : Jun 2021

FATF and Terror Financing: The Perspective of Pakistan

Abstract

    There is a plethora of international organizations that has been formed to maintain peace in the world. FATF is such an organization that has been formed in order to scrutinize and control the menace of money laundering and that of the terror financing. In a third world state like Pakistan where there is dearth of transparent mechanisms of money transfers and where there is no rule of law, it has become easy for the individuals to carry out the illicit activities like money laundering (Dube and Vargas, 2013). Pakistan has been in the grey list from the last few years and it has dramatically affected the economy of Pakistan. Pakistan has established a number of centralized mechanisms that are, without a doubt, on the correct track for monitoring the financial transaction system, which is currently very near to meet the certain much needed criteria for finding and freezing the founded and highlighted money laundering cases and that of the terrorist financing.

    FATF, Terror Financing, Al Qaida, Money Laundering, Illicit Transfer, Hawala and Hundi

    (1) Shabnam Gul
    Assistant Professor/In-charge, Department of International Relations, Lahore College for Women University, Lahore, Punjab, Pakistan.
    (2) Muhammad Faizan Asghar
    MPhil, Peace & Counter Terrorism Studies, Minhaj University Lahore, Punjab, Pakistan.
    (3) Shujat Ali
    Ministry of Defense.
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Cite this article

APA

CHICAGO

    CHICAGO : Gul, Shabnam, Muhammad Faizan Asghar, and Shujat Ali. 2021. "FATF and Terror Financing: The Perspective of Pakistan." Global Economics Review, VI (II): 1-10 doi: 10.31703/ger.2021(VI-II).01

HARVARD

    HARVARD : GUL, S., ASGHAR, M. F. & ALI, S. 2021. FATF and Terror Financing: The Perspective of Pakistan. Global Economics Review, VI, 1-10.

MHRA

    MHRA : Gul, Shabnam, Muhammad Faizan Asghar, and Shujat Ali. 2021. "FATF and Terror Financing: The Perspective of Pakistan." Global Economics Review, VI: 1-10

MLA

    MLA : Gul, Shabnam, Muhammad Faizan Asghar, and Shujat Ali. "FATF and Terror Financing: The Perspective of Pakistan." Global Economics Review, VI.II (2021): 1-10 Print.

OXFORD

    OXFORD : Gul, Shabnam, Asghar, Muhammad Faizan, and Ali, Shujat (2021), "FATF and Terror Financing: The Perspective of Pakistan", Global Economics Review, VI (II), 1-10

TURABIAN

    TURABIAN : Gul, Shabnam, Muhammad Faizan Asghar, and Shujat Ali. "FATF and Terror Financing: The Perspective of Pakistan." Global Economics Review VI, no. II (2021): 1-10. https://doi.org/10.31703/ger.2021(VI-II).01