FATF meeting to be held on Monday to decide whether to put Pakistan on the grey list or not
ISLAMABAD February 21 (News Inspection) The Financial Action Task Force (FATF) will decide in a meeting starting from Monday whether to put Pakistan on the gray list or not.
According to sources, the FATF’s virtual plan meeting will be held in Paris from February 22 to 25 to consider the cases of the countries on the grey list, including Pakistan, and decide at the end of the meeting.
At the last Plenary Session in October 2020, the FATF announced that Pakistan would remain on the grey list until February 2021 for the six objectives of the 27-Point Action Plan to combat money laundering and prevention of terrorist financing.
Official sources said that Pakistan has also complied with the remaining six recommendations and details have been sent to the FATF Secretariat.
Sources said that the members would review Pakistan’s response during the meeting since Pakistan has made significant progress in legislation as well as in its implementation.
Pakistan had submitted a detailed reply to the FATF in October last year and even then they demanded more from Islamabad.
According to sources, it would be premature to say whether the FATF will demand further action this time or whether the existing measures are enough to remove Pakistan from the grey list, but the decision will be taken by consensus of the members.