The FATF Plenary, held from October 25 to 27, 2023, concluded with significant outcomes, even though it received limited attention in Pakistan due to the prevailing political landscape in the country. Over the course of three days, delegates meticulously addressed a comprehensive agenda focused on critical issues related to money laundering, terrorism financing, and proliferation financing. India Developing Long-range Air Defence System To Counter Pakistan, China Inzamam-ul-Haq Quits As Pakistan Cricket Team’s Chief Selector For more such Opinions & blogs, click here. Key highlights from this event include: Crowdfunding for Terrorism Financing Report: Delegates produced a comprehensive report addressing the issue of crowdfunding for terrorism financing, shedding light on the emerging challenges in this domain. Major Amendments to FATF Recommendations: Substantial revisions were made to the FATF Recommendations, equipping member countries with enhanced tools to more effectively freeze, seize, and confiscate criminal assets, both within their domestic borders and through international collaboration. Revisions to FATF Recommendations for Non-Profit Organizations: The FATF Recommendations applicable to non-profit organizations underwent revision to establish clear measures for safeguarding these organizations against potential terrorist financing abuse, emphasizing the implementation of risk-based measures. Report on Illicit Financial Flows from Cyber-Enabled Fraud: In collaboration with the Egmont … Continue reading FATF Plenary, held from October 25 to 27, 2023, Concludes