The FATF’s plenary meeting kick-started in Paris on Wednesday to decide the fate of Pakistan, either to keep it on grey list or not. Pakistan is in compliance of 21 points out of 27 action plan placed by international watchdog to combat money laundering and terror financing was hopeful to be freed from the grey list.
The plenary of the Financial Action Task Force (FATF) had kick-started its three-day deliberations on Wednesday in Paris and Pakistan’s case will be taken up on Friday. At least after enactment of 15 pieces of legislations, many of them through joint sitting of Parliament, Pakistani authorities are confident that there are minimal chances for placing Pakistan on the blacklist..
In the last FATF’s plenary, Pakistan was found largely compliant on 14 points out of total 27 action plan as Islamabad was placed on grey list in June 2018 after finding out major deficiencies in its compliance obligation on 40 recommendations of FATF placed for all 200 jurisdictions.