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News

Decision on removal of Pakistan’s name from FATF grey list today

October 21, 2022 11:13 AM


The Financial Action Task Force (FATF), a global money laundering and terrorist financing watchdog, currently meeting in Paris, will today decide whether Pakistan’s name will remain on the grey list or will be out of it, reported 24NewsHD TV channel on Friday. 

Minister of State for Foreign Affairs Hina Rabbani Khar is leading Pakistan’s delegation. 

Just four days ago, Finance Minister Ishaq Dar, during his tour to the USA, had expressed optimism that Pakistan would be out of the FATF's grey list.

He had also said that Pakistan worked hard for the purpose. “A meeting is expected in a few days, and the government is hopeful that the country will come out of it,” he hoped.

This is the first FATF meeting under the chairmanship of taskforce’s new President Raja Kumar. 

It is worth-pointing out here that Pakistan has fully complied with FATF’s both action plans. Islamabad has implemented 34 points under two different action plans. 

Pakistan had fulfilled all conditions to stop money laundering, financial support of terrorists, officials said

At the last plenary meeting in March 2022, FATF had retained Pakistan’s name in its “grey list” and directed it to do more in investigating and prosecuting senior leaders and commanders of the UN-designated terrorist groups for terror financing.

A high-level team of the FATF had visited Pakistan from August 29 to September 2 during which it held meetings with the relevant authorities and verified steps taken by the country to fulfill the conditions mandatory for exiting from the grey list. 

The delegation reviewed the sustainability of government initiatives and their implementation.



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