Pakistan likely to face setback at the FATF crucial session in Paris: Report
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ISLAMABAD: Pakistan likely to face setback at the Financial Action Task Force crucial session in Paris, media rreport has revealed
The Financial Action Task Force (FATF) has decided in principle that Pakistan will remain on its grey list till next February and directed Islamabad to take ‘extra measures’ for ‘complete’ elimination of terror financing and money laundering, Dawn News has reported.
An FATF meeting in Paris on Tuesday reviewed the measures that Islamabad has already taken to control money laundering and terror financing. However, the meeting observed that Islamabad will have to take further steps in these four months.
The FATF has linked the blacklisting of Pakistan with unsatisfactory steps to curb money laundering and terror financing. The FATF will make final decision in Feb 2020.
A formal announcement about these developments will be made on Oct 18 this year.
The spokesperson for the finance ministry, Omar Hameed Khan was approached to verify the news but he said that “it is not true and nothing before October 18”.
