FATF grey list or blacklist: FATF delegation to arrive in Pakistan for crucial visit
ISLAMABAD: Financial Action Task Force’s (FATF) delegation will visit Pakistan next month for the crucial visit over exclusion of Pakistan from the greylist.
Federal government and concerned departments have started preparing for the delegation’s visit.
According to media reports, a meeting of the policy board of Securities and Exchange Commission of Pakistan (SECP) has also been called today (Wednesday) to review matters ahead of the visit.
The SECP meeting will be chaired by the finance secretary and a nine-point agenda will come under discussion.
SECP has prepared a working paper against money laundering and terror financing which includes recommendations for measures to identify domestic and foreign transactions.
During its visit, the FATF delegation will put forth recommendations whether to remove Pakistan from its grey-list or to add it to the black list.
Last month, Finance Minister Asad Umar informed the Senate that the FATF had given Pakistan 15 months to comply with its requirements, with the deadline set to expire in September 2019.