*ISLAMABAD: Foreign Office on Wednesday confirmed that Pakistan would beplaced a grey list of the Financial Action Task Force (FATF) in June thisyear.*
Speaking at a weekly news briefing, FO spokesman Dr Muhammad Faisal said“Pakistan will be assigned to the ‘grey list’ in June, once an Action Planhas been mutually negotiated.”
The spokesman, however, contradicted media reports that Pakistan was likelyto be put on a ‘black’ list.
“The statement that Pakistan will be transferred from the ‘grey’ to the‘black’ list in June this year, is therefore not true. The FATF websiteclearly demarcates the countries in ‘black’ list, as those who arenon-cooperative,” he said.
Commenting on specific demands made by FATF, the spokesman said certaindeficiencies in the Anti Money Laundering and Countering of TerroristFinancing (AML/CFT) framework of Pakistan have been highlighted.
“The Government of Pakistan, over the last few years, has taken a number ofmeasures to address these issues, including through enactment oflegislation, issuance of regulations and guidelines by SBP and SECP to thefinancial sector, establishment of the Financial Monitoring Unit andimplementation of UNSC 1267 sanctions on the entities of concern(JuD/FIF),” he elaborated.
“We will take further actions for addressing any remaining deficiencie