Mehtab HaiderOctober 24, 2020
FATF keeps Pakistan on grey list till Feb 2021
ISLAMABAD: The Financial Action Task Force (FATF) on Friday announced to keep Pakistan on the grey list till February 2021.
The FATF took the stance that Pakistan would have to comply with the remaining six items out of 27 action plans to come out from the jurisdiction under increased monitoring. “Pakistan must comply with remaining six items, then the FATF will send its onsite tram to verify progress on the ground. After completion of this process, the FATF will consider Pakistan to exclude from the list of jurisdiction with increased risk of terror financing that is called grey list. There is no discrimination against Pakistan as the globally accepted rules are applied in its case,” the FATF President Dr Marcus Pleyer said in first-ever virtual press conference from anti-money laundering/terror financing watchdog headquarters in Paris on Friday at the end of three-day plenary meeting.
READ MORE: https://www.thenews.com.pk/print/733709-pakistan-to-remain-on-fatf-grey-list-for-now