FATF meeting underway in Paris to decide Pakistan’s fate

ISLAMABAD: (HRNW) A meeting of the Financial Action Task Force (FATF) — a Paris-based global anti-money laundering watchdog — is under way to review the progress made by Pakistan towards the implementation of its 27-point action plan.

The global watchdog has found Pakistan ‘fully compliant’ on 14 points of a 27-point action plan, showing the country is making progress to comply with all of its conditions.

This week the FATF plenary will decide Pakistan’s fate which could go only two ways. The FATF could decide 1), to exclude Pakistan from the grey list and put it on the white list; or 2), continue putting the country into the grey list for another extended period of three to six months.


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