ISLAMABAD – The Financial Action Task Force (FATF) has reportedly decidedthat Pakistan will remain on its grey list till February 2020, according toreports which the Pakistani officials did not confirm.
The spokesperson for the finance ministry, Omar Hameed Khan was approachedto verify the news about FATF decision to keep Pakistan on FATF greylist but he said that “it is not true and nothing before October 18”, Dawnnews reported.
According to reports, the FATF has directed Islamabad to take ‘extrameasures’ for complete elimination of terror financing and money laundering.
An FATF meeting in Paris on Tuesday reviewed the measures that Islamabadhas already taken to control money laundering and terror financing.
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The meeting observed that Islamabad will have to take further steps inthese four months until the next review in February 2020.
A tweet by the FATF says: “FATF President Xiangmin Liu opened the FATFPlenary meeting. The key outcomes of the next 3 days of meetings on globalaction against moneylaundering and terrorist financing, and decisions onPakistan, Iran and other countries to be announced on Friday (October 18)
