*ISLAMABAD: Pakistan is likely to be removed from the Financial Action TaskForce Grey List in the upcoming session of the global anti money launderingtop body, it has been revealed. *
*Pakistan efforts to combat money laundering and terror financing havereportedly satisfied the Financial Action Task Force (FATF), according tosources.*
The FATF session has also pointed out certain areas for betterment beforeMay this year to get out of the grey list.
Pakistan’s delegation headed by Finance Secretary Arif Ahmed Khan iscurrently attending a three-day conference of the FATF in Sydney. Thedelegation includes officials of the Financial Monitoring Unit, State Bankof Pakistan (SBP), National Counter Terrorism Authority (Nacta), FederalInvestigation Agency (FIA) and Federal Board of Revenue (FBR).
The Paris-based global watchdog on anti-money laundering and terrorfinancing has reviewed most of the 10-point action plan as some relativelyinsignificant areas were left for review on Thursday after which the FATFwill give its final opinion on the matter, sources said.
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The anti-money laundering and anti-terror financing body has mostlyexpressed its satisfaction over the steps taken by Pakistan, the sourcesfurther said.
It will provide time to Pakistani officials to work on the remainingdemands of the FATF.
According to sources, a broader review of the compliance with internationalcommitments will be held at another meeting in May. That meeting woulddecide about Pakistan being removed from the grey list of the FATF or not.
