FATF, Pakistan remain in Grey list till Feb2020

The meeting directed Islamabad to take “extra measures” for complete elimination of terror financing and money laundering.

Paris: The Financial Action Task Force (FATF) has decided that Pakistan will remain on its grey list till next February

FATF directed Islamabad to take “extra measures” for complete elimination of terror financing and money laundering.

The Pakistani delegation currently visiting Paris met with the representatives of different member countries and organizations of 39-member Financial Action Task Force (FATF) to secure support against an Indian bid to get Pakistan in the FATF blacklist

The Pakistani authorities are confident that everything is under control, as China, Malaysia and Turkey have assured them of all out support in case India or any other country presents a resolution for getting Pakistan on the blacklist.

All stakeholders were unanimous and on the same page that Pakistan worked hard to comply with all 27 points within the envisaged deadline and made good progress. Authorities are confident that the FATF will not give a new action plan.

An FATF meeting observed that have to take further steps in next four months.

The FATF has linked the blacklisting of Pakistan with unsatisfactory steps to curb money laundering and terror financing. The FATF will make final decision in Feb 2020.