ISLAMABAD – Islamabad again hopes to be taken off the ‘increased monitoringlist’ also known as the grey list of the global money-laundering watchdogas the Plenary and Working Group Meetings to begin in the French capital onOctober 20-21.
After completing all prerequisites of the FATF action plan, the South Asiancountry is expected to finally exit the grey list after four years.
In a statement, FATF said the first Plenary under the two-year SingaporePresidency of T. Raja Kumar will take place on October 20-21, which will beattended by delegates representing 206 members of the Global Network andobserver organizations, United Nations, World Bank, Interpol, and otherofficials.
After the discussions, FATF president Raja Kumar will address a newsconference in which he will announce Pakistan’s removal from its infamousgrey list.
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The removal from the grey list will help Islamabad to come clean overdeficiencies in the system to avert money laundering and terror financing.
Reports suggest that the FATF team stayed in the country from late Augustto September 2 and was given a state guest-level protocol. The visit waskept secret however FATF delegation meet concerned officials to verify thesteps taken.
