ISLAMABAD – Financial Action Task Force FATF takes decision over Pakistangreylisting.
Pakistan received another extension on the “greylist”, as the FinancialAction Task Force (FATF) plenary session on Wednesday decided to continueall countries under scrutiny for Terror Financing and Money Launderinguntil October 2020.
At the FATF plenary, held through videoconferencing, Pakistan was due for adecision on whether it would be kept on the “greylist” or downgraded to theblacklist for failing to meet the finance watchdog’s 27-point action planon countering terror financing and anti-money laundering (CFT/AML) measures.
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Sources said the FATF, which had given Pakistan two extensions to complywith its action plan since October 2019, decided unanimously to postponedecisions on all countries under “increased monitoring” or the “greylist”,as well on “high risk jurisdictions”, as the “blacklist” is formally known,owing to the Coronavirus pandemic.
