Foreign Office hints at Pakistan's conditional removal from FATF greylist
ISLAMABAD: The Foreign Office on Thursday said that Pakistan can be removed from the Financial Action Task Force’s grey-list of countries if adequate measures are taken.
“We will have to ensure the implementation of the action plan shared with FATF while we are on the grey-list,” FO spokesperson Dr Mohammad Faisal said during a weekly press briefing in Islamabad.
“If adequate measures are taken, we can be removed from the grey-list,” he said adding that otherwise the country will “face problems”.
“Earlier we were also removed from the grey-list after we took adequate measures,” Faisal continued.
“We are in talks with the FATF over the plan of action.”
Pakistan was added to the global money-laundering watchdog’s grey list after a FATF meeting in Paris confirmed the decision on Wednesday.