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FATF to decide Pakistan’s grey list fate in Paris meeting

The inter-governmental body had placed Pakistan on its grey list in June 2018 because of lacks in the country’s Anti-Money Laundering and Countering of Terrorist Financing regulations.

FATFFATF to decide Pakistan’s grey list fate in Paris meeting - OyeYeah News
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The Financial Action Task Force’s (FATF) five-day plenary session will meet in Paris from February 16 to decide on Pakistan’s grey list fate.

As per the details, the FATF in October 2019 had decided to keep Pakistan on its grey list till February, extending time to implement the FATF’s 27-point action plan.

The inter-governmental body had placed Pakistan on its grey list in June 2018 because of lacks in the country’s Anti-Money Laundering and Countering of Terrorist Financing regulations.

During the last session of the FATF, India had opposed removal of Pakistan from the grey list, while the US and the European Union supported Islamabad’s hard work in line with the FATF procedures.

China, Turkey and the Malaysia are already backing Pakistan, while it is expected that Pakistan can get more support from the member countries due to its positive diplomacy.

the authorSamra Mazhar

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