ISLAMABAD – Financial Action Task Force (FATF) has added three more pointsto the list that Pakistan needs to comply with in order to get off thegreylist.
Pakistan was previously given 10 major conditions to comply with – but withthe latest addition, the country’s performance will be reviewed on 13points in May 2019, ahead of the FATF meeting the next month in Colombo,Sri Lanka.
If the country fails to show signs of improvement, it might plunge down tothe blacklist of FATA.
These three conditions are as follows:
1. How did Pakistan revise/update its national risk assessment on terror financing? 2. Results of improvement in FBR’s customs report on cash couriers to curb currency smuggling. 3. Inter-agency cooperation mechanism among law enforcing agencies at federal and provincial levels.
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In February, FATF acknowledged Pakistan’s progress on its prescribed fiveactions in the meeting that reviewed the country’s case. However, it alsoidentified some gaps in Pakistan’s implementation of certain action planitems.
The task force further outlined a 10-point agenda for Pakistan as a futurecourse of action – to be reviewed again in May.
