'All items on action plan met': Pakistan gets closer to exiting FATF grey list
Pakistan
FATF to verify Pakistan's compliance with on-site visit.
BERLIN (Dunya News) – The global money laundering and terror financing watchdog Financial Action Task Force (FATF) has retained Pakistan on its grey list despite implementing all targets.
The four-day FATF meeting kicked off in Berlin, Germany on Tuesday, with 206 FATF members and delegates representing observers attended the plenary session. Observers included the International Monetary Fund (IMF), the United Nations, the World Bank and the Egmont Group of Financial Intelligence Units.
During a media briefing after the meeting of the Financial Action Task Force in Berlin, FATF President Dr Marcus Pleyer said that Pakistan has achieved the given targets. All the conditions to get out of the gray list have been fulfilled
The FATF will conduct an on-site visit of Pakistan at the earliest possible date, announced the body s president Dr Marcus Pleyer, as it acknowledged the "significant progress" the country has made in strengthening its Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) regime.
If the on-site visit has a positive outcome, the FATF will decide on removing the jurisdiction from public identification at the next FATF plenary.
