PARIS - The Financial Action Task Force FATF, which began its crucial meet on Sunday, is likely to announce action on Pakistan on October 18.
The crucial meet of the global anti-terror financing body began in Paris on Sunday and will decide if Pakistan will be removed from the grey list. The FATF will finalise its decision on Pakistan on October 18.
Sources indicate that Pakistan is on the verge of action by FATF, given its inadequate performance, whereby it managed to pass in only 6 of 27 parameters.
According to FATF rules, there is one essential stage between grey and blacklist, referred to as dark grey. Dark grey was the term earlier used for warning up to the third Phase. Now the third phase is just called warning.