ISLAMABAD – Ahead of next week’s Paris meeting of the Financial Action TaskForce (FATF), a Netherlands-based think-tank has said that Pakistan islikely to remain on FATF’s grey list.
The European Foundation for South Asian Studies (EFSAS) has said that”there is little doubt that Pakistan is not really serious about itsadherence to the FATF’s requirements. It is, accordingly, attempting toproject superfluous and temporary actions as demonstrations of sincere andsubstantial efforts to the FATF”.
“While Pakistan may well succeed in averting the FATF blacklist, it willalmost certainly remain on the grey list as it has little chance ofsecuring the 15 votes required to get itself out of the list. That willbring its own set of serious challenges for the country’s economy, IANS hasreported.
The think-tank added that Pakistani officials apprised the APG of the”measures they claimed to have taken to prevent suspicious transactions andto restrict illegal activities and freeze the assets of proscribedorganizations and groups.
Mutual Evaluation Report (MER) that the APG released on October 2”.
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The 228 page MER was based on information provided by Pakistan, as well asthe field visit by an APG assessment team in October last year.
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