FATF decides to keep Pakistan on gray list till February 2021

Paris:



The Financial Action Task Force has decided to keep Pakistan on the gray list till next year 2021 and thus India's efforts to blacklist Pakistan have failed.



The three-day virtual meeting of the Financial Action Task Force (FATF) ended yesterday. The meeting reviewed Pakistan's measures against money laundering and terror financing.



At the end of the virtual meeting, the President of FATF said during the press conference that Pakistan will be included in the gray list of FATF for the time being, Pakistan will remain in the gray list till February 2021, Pakistan has implemented 21 out of 27 points. What's more, Pakistan will have to implement the remaining 6 points as well.



The President of FATF said that Pakistan has shown progress on all the action points and there is progress and desire to implement 27 points in Pakistan. When Pakistan will ensure implementation of all 27 points then a team will visit Pakistan.



The FATF President said that the purpose of his visit to Pakistan would be to review the ground realities and check before the next meeting whether Pakistan was effectively implementing these points while North Korea and Iran were blacklisted.



 

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