FATF removes Pakistan from ‘Grey list’

Grey list

Financial Action Task Force (FATF)- world’s money laundering and terror financing watchdog, removes Pakistan from the ‘Grey List’ after four years of scrutiny program.

The Paris-based inter-governmental body had put Pakistan on its list of untrustworthy jurisdictions in June 2018 because of “strategic counter-terrorist financing-related deficiencies.”

The decision was made in a meeting of the (FATF), a global money laundering and terrorism financing watchdog, starts a two-day meeting in Paris and is expected to take up removal of Pakistan from a list of countries under “increased monitoring”.

More news:  FATF keeps Pakistan on grey list till June

In a meeting in June, the FATF said it was keeping Pakistan on the list – also known as the ‘grey list’ – but said it might be removed after an on-site visit to verify progress.

Last month, Pakistan s foreign office said a FATF technical team had conducted a “successful” visit and Islamabad was expecting a “logical conclusion” of the evaluation process in October.

Related posts

All Parties Hurriyat Conference leaders thank Pakistan for support

Irfan Ali

FO spokesman vows capability of Pakistan to respond to any misadventure

Irfan Ali

NA standing committee defers various Constitutional amendment bills

Irfan Ali