FATF to decide today on Pakistan’s grey list position

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FATF grey list

Berlin: As the four-day plenary session of the Financial Action Task Force nears its end, all eyes are fixed on the global watchdog for combating money-laundering and terror financing that would decide whether to keep or remove the name of Pakistan from its grey list of countries that require increased monitoring.

The four-day plenary session of the FATF began on Tuesday in Berlin, and according to its official website, FATF officials will hold a press conference at 7:30 pm today to share the outcome of the session.

Read: Pakistan could exit FATF grey list this year: German envoy

Minister of State for Foreign Affairs Hina Rabbani Khar, who is leading the Pakistani delegation, took to Twitter on Friday and warned against “prejudging the outcome [and] speculative reporting.”

“The [FATF] Plenary Meetings [are] continuing in Berlin. FATF will issue a Public Statement after [the] conclusion of the meetings tonight. Prejudging the outcome or speculative reporting could and should be avoided. GOP has arranged a media briefing at MOFA on Saturday morning on this issue,” she said in the tweet.

 

Pakistan to remain on FATF grey list with just two unmet targets

Earlier in March, the FATF had decided to keep Pakistan on its infamous “grey list” as it failed to meet only two out of thirty-four targets.

It should be noted that Pakistan was added to the list of countries that needed increased monitoring for their financial policies regarding money-laundering and terror financing in 2018. Since then, Pakistan has been making significant progress in meeting the demands of the global watchdog.

Read: Pakistan to remain on FATF grey list with just two unmet targets

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