Pakistan is likely to exit from Financial Action Task Force (FATF) grey list in the FATF’s plenary meeting, scheduled from October 16 to 21 in Paris, 24News HD TV Channel reported on Monday.  

The decisions of the meeting will be announced on October 21. 

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

A high-level team of the global money laundering and terrorist financing watchdog FATF team 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 conditions to exit the grey list. 

The 15-member delegation reviewed the measures taken by the authorities to stop money laundering and the financial support of terrorists. The delegation also reviewed the sustainability of government initiatives and their implementation. 

The findings of the FATF delegation would be discussed and reviewed in the meeting. 

Pakistan has been on the grey list of the Paris-based FATF since June 2018 for failing to check money laundering, leading to terror financing, and was given a plan of action to complete it by October 2019. Luckily, there is no obstacle left to remove Pakistan's name from the gray list, government sources claimed. 

Pakistan has fully complied with both FATF action plans, they added. 

Pakistan has implemented 34 points under two different action plans.

Pakistan has fulfilled all conditions to stop money laundering and financial support of terrorists. If the team now gives a positive report, Pakistan may finally be able to exit the list.