FATF removes Pakistan from grey list a major victory for the country
FATF President Marcus Pleyer announced the decision at a virtual press conference held after the body's three-day plenary session came to an end today: Photo grabbed from social media

FATF keeps Pakistan on grey list

Monitoring Desk : 

The Financial Action Task Force (FATF) on Thursday decided to keep Pakistan on a grey list. The FATF made this decision at the end of its four-day plenary meeting.

The announcement was made by FATF President Dr. Marcus Pleyer at a press briefing on the outcomes of the FATF plenary.

“Pakistan remains under increased monitoring,” Pleyer said, adding that while the FATF recognized the “significant progress” made by Pakistan, “some serious deficiencies remain”.

“All of these areas relate to terror financing, three out of 27 [points] need to be fully addressed,” he added.

Pakistan made a progress 

While reiterating that Pakistan has made “progress”, the FATF president urges Pakistan to do more to comply with FATF recommendations.

Ahead of the plenary which began on Monday, the FATF had updated the overall performance of all countries.

Based on this update, Pakistan has been shown to improve compliance on two out of 40 recommendations of the FATF on the effectiveness of anti-money laundering and combating financing terror (AML/CFT) systems.

FATF keeps Pakistan on grey list

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Quetta Voice is an English Daily covering all unfolding political, economic and social issues relating to Balochistan, Pakistan's largest province in terms of area. QV's main focus is on stories related to education, promotion of quality education and publishing reports about out of school children in the province. QV has also a vigilant eye on health, climate change and other key sectors.