FATF to review Pakistan’s progress in a five-day virtual plenary it emerges on Tuesday.
The five-day virtual plenary of the Financial Action Task Force (FATF) has commenced in Paris.
The plenary will discuss key issues to strengthen global action against the financial flows that fuel crime and terrorism.
As per the observer group report, the Paris-based watchdog will take a decision on keeping Pakistan on its grey list after reviewing FATF Asia/Pacific Group (APG).
“Under the German Presidency of Dr. Marcus Pleyer, delegates representing 205 members of the Global Network and observer organisations including the International Monetary Fund, the United Nations and the Egmont Group of Financial Intelligence Units will take part in the virtual meeting of the FATF Plenary,” read a FATF statement.
FATF last year in Feburary had decided to keep Pakistan on its ‘grey list’, giving it four more months – June 20, 2021 – to complete its full action plan.