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Money laundering is involved forthe method of disguising the original ownerships income and circulated in a manner to finally be the part of legitimate source. It is a criminal Act and hiding of illegal assets hence acquired through numerous malicious measures like corruption, smuggling, drug trafficking and most importantly the cross border terrorism. Money laundering generates lots of abuses for the country at national and international platform also and specifically targets the economic and social system of country. According to the report generated by United Nation office on Drugs and crime (UNODC),the Netamount which is laundered per annum globally is 2.5% of Global GDPor 800 Billions USD to 2 Trillion USD1. The Financial Action Task Force (FATF) officially put Pakistan in grey list due to lack of planning and measures for Anti-money laundering and terrorism financing. The decision was taken on June 29, 2018 in Paris.The governing body imposed this decision on the consideration of prepared report of International Cooperation Review Group (ICRG). There is a need of all stakeholders directly or indirectly linked with financial system to understand basic concepts of Money Laundering & Terrorist Financing, International Initiatives and Efforts for Identification, Investigation and Prosecution of cases involving ML & TF,

Ibtisam Butt , Azhar Rashid , Salman Khan. (2020) Pakistan Initiatives & Endeavours Tocounter Money Laundering & Terrorist Financing Within FATF Perspective, Journal of Pakistan Vision, Volume 21, Issue 1.
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