ISLAMABAD – The Financial Action Task Force (FATF) Asia Pacific Group hasreportedly given Pakistan six months time to do more to curb moneylaundering and delist the country from the greylist.
As per the media report, FATF has given Pakistan more time to step upmeasures to curb money laundering.
Pakistan and a delegation of FATF’s Asia Pacific held talks for over a weekin the capital.
During the dialogues, it was agreed to devise a framework keep the recordof real estate, trade transactions and non-profit organizations.
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Sources said that the FATF agreed to give Pakistan six more months toPakistan de-list Islamabad from its grey list.
Sources said that the FATF has demanded Pakistan to ‘do more’ to curb moneylaundering. The organisation has also expressed satisfaction over theprogress made by Pakistan so far.
