Times of Islamabad

FATF Greylist: Alarm bells raised for Pakistan

FATF Greylist: Alarm bells raised for Pakistan

*ISLAMABAD – Over the sensitive issue of* FATF Greylist, Alarm bells havebeen raised for Pakistan.

The International Monetary Fund (IMF) is concerned over Pakistanperformance at the Financial Action Task Force (FATF).

Insiders say that the international lender’s Save Our Soul (SOS) missionarriving in Islamabad on Monday will share its concerns regarding theFinancial Action Task Force task force report.

Sources at the ministry of finance also claim that the failure of Pakistanto make progress on the action plan of FATF before the meeting ofAsia-Pacific Joint Group (APG) held recently is also a source of concernfor the IMF. Officials at the ministry had reportedly assured the Fund thatthe points related to the action plan would be handled before the APG.

However, the issue would now be discussed again in FATF’s Plenary andWorking Group meetings scheduled between October 13-18 in Paris, France.The visiting mission of IMF may also ask officials here about the progressmade so far regarding FATF.