Pakistan to seek 15 votes in FATF plenary session to exit from greylist

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Pakistan to seek 15 votes in FATF plenary session to exit from greylist

PARIS: Pakistan to seek 15 votes in FATF plenary session to exit from greylist in voting likely to be held today.

A session of Financial Action Task Force is underway in Paris to discuss Pakistan’s exit from its grey list and the voting is expected to be held on February 19.

Sources told *ARY News* that the FATF’s plenary and working group meetings have completed the review of performance report presented by the Pakistani officials, whereas, the task force is likely to hold voting.

The institution has expressed satisfaction over the performance report as the country has completed the implementation of all recommendations besides being supported by China, Turkey, Malaysia and other states.

It is noteworthy to mention here that Pakistan needs 15 votes in the upcoming session to be removed from the FATF’s grey list.

The plenary session and working groups meeting are being attended by more than 800 representatives from 205 countries and jurisdictions around the world including International Monetary Fund (IMF), World Bank (WB), United Nations (UN) in Paris, France.

Six days of meetings will focus on global action to follow the money that fuels crime and terrorism and reduce the harm caused to people and society.

The plenary session of the Financial Action Task Force (FATF) link had commenced on February 16 in Paris to assess Pakistan’s performance on the compliance of the 27 points to curb terror financing and money laundering.