FATF decides Pakistan’s fate on greylist removal

FATF decides Pakistan’s fate on greylist removal

Financial Action Task Force (FATF) will decide whether to retain or remove Pakistan from its ‘grey list’ at the conclusion of its three-day plenary today.

Pakistan is hopeful of being taken off the grey list as the country has successfully implemented the 27-point action plan against money laundering and terror financing (ML&TF).

Credible sources within the highest echelons of power claim that there is no excuse left for the FATF to retain Pakistan on its grey list as the country has implemented its action plan completely.

President FATF Dr. Marcus Pleyer will announce the decision regarding Pakistan’s grey list status during a press conference at the end of the hybrid plenary later today.

Meanwhile, true to form, Indian media has upped the ante in the propaganda campaign against Pakistan as it is trying to influence FATF’s decision.

Reports from across the border claim that Pakistan has failed to implement FATF’s action plan, adding that the country will either be retained on the grey list or moved to the black list.

Regardless of the Indian propaganda, FATF has openly acknowledged Pakistan’s progress in the ML&TF domain through concrete, tangible and verifiable actions, overruling the country’s chances of moving to the black list. Like always, India’s plan of putting pressure on Pakistan will fail this time as well.