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Pakistan to remain on FATF grey list
The country has implemented 26 out of 27 points
Pakistan to remain in the grey list of the Financial Action Task Force (FATF).
This announced on Thursday by FATF president Dr Marcus Pleyer in a press conference.
Pakistan took serious steps to address money-laundering and terror-financing issues, FATF said.
The country even legislate to increase international cooperation, it said.
FATF has completed its review of Pakistan’s performance on two actions plan at a three day meeting in Paris. It is set to announce the decision today at 8:30pm according to Pakistan standard time.
FATF’s current president Dr Marcus Pleyer will hold a press conference
The hybrid plenary session also reviewed other items on the agenda.
Pakistan had submitted a 100% compliance report which came under review at the FATF meeting, according to reports.
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