ISLAMABAD – The Financial Action Task Force (FATF) Asia Pacific Group hasgiven Pakistan six months time to take required steps so that it can beremoved from the grey list.
FATF on Friday given Pakistan more time to step up measures to curb moneylaundering.
Pakistan and a delegation of FATF’s Asia Pacific held talks for over a weekin the capital.
During the dialogues, it was agreed to devise a framework keep the recordof real estate, trade transactions and non-profit organizations.
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Sources said that the FATF agreed to give Pakistan six more months toPakistan de-list Islamabad from its grey list.
Sources said that the FATF has demanded Pakistan to ‘do more’ to curb moneylaundering. The organisation has also expressed satisfaction over theprogress made by Pakistan so far.
