FATF decides to maintain Pakistan in grey list

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Islamabad, (Parliament Times): The Financial Action Task Force (FATF) has decided to maintain Pakistan s status on its grey list of countries. The country has remained in the list as it has been unable to comply with six of the 27 points in the global terror financing and money laundering watchdog s action plan. The Paris-based global watchdog for curbing terror financing and money laundering held its virtual plenary session from October 21 to 23 and reviewed Pakistan’s progress on the 27-point action plan. Addressing press conference through video link, FATF President Dr Marcus Player said that once the remaining six conditions are fulfilled, an “on site visit” will be approved under which a team from the FATF will visit the country for the next review. Dr Marcus said that the new deadline for Pakistan to fulfill the remaining conditions is February 2021.

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