The Financial Action Task Force (FATF) will announce its decision today(Friday) on whether or not Pakistan will remain on its grey list.
The FATF plenary is expected to take up Pakistan’s case today, the last dayof its ongoing meeting between October 21 and 23.
The plenary, which was earlier scheduled in June but got postponed due tothe COVID-19 pandemic, will decide Pakistan’s fate whether to keep thecountry on the grey list for another extended period or to remove it.
*Also read: FATF to discuss Pakistan’s case tomorrowlink*
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In February 2020, the FATF plenary granted Pakistan a grace period of fourmonths to complete its 27-point action plan against money-laundering andterror financing (ML&TF) after it noted that the country was compliant on14 points.
Pakistan was placed on the grey list in June 2018.
