Pakistan officially responds over FATF grey listing
ISLAMABAD - Pakistan officially responds over FATF grey listing at the Paris moot.
Pakistan said it is committed to implementing the action plan of the Financial Action Task Force (FATF), after the international terror financing watchdog put Islamabad on notice, warning that the country will be blacklisted if it does not control terror funding by February next.
The FATF voiced concern over Pakistan unable to deliver on 27 targets.
The Ministry of Finance in a statement said Pakistan's delegation at the FATF reaffirmed its political commitment to fully implement the action plan.
The Pakistan officials also held sideline meetings with various delegations and briefed them about the progress on the FATF action plan and steps taken for strengthening its AML/CFT framework, it said.
The Paris-based FATF gave the warning to Pakistan at its five-day plenary which concluded in the French capital on Friday while deciding to again put the country on the 'Grey List'