Pakistan unlikely to exit ‘grey list’ as FATF meets to decide its fate: Report
The Paris-based Financial Action Task Force had placed Pakistan on the grey list in June 2018 and asked Islamabad to implement a plan of action.
Editorial Staff
Pakistan unlikely to exit ‘grey list’ as FATF meets to decide its fate: Report The Paris-based Financial Action Task Force had placed Pakistan on the grey list in June 2018 and asked Islamabad to implement a plan of action to curb money laundering and terror financing by the end of 2019 but the deadline was extended later on due to Covid-19 pandemic. Pakistan is unlikely to exit the 'grey list’ of the FATF as some European countries have taken the stand that Islamabad has not fully implemented all the points of a plan of action set by it, a media report said on Sunday, on the eve of the plenary meeting of the global watchdog for money laundering and terror financing. The Paris-based Financial Action Task Force had placed Pakistan on the grey list in June 2018 and asked Islamabad to implement a plan of action to curb money laundering and terror financing by the end of 2019 but the deadline was extended later on due to Covid-19 pandemic. Farooq Abdullah asks Centre to speak to Pakistan if terrorism has to be abated The virtual FATF plenary will be held in Paris fr…
