PARIS: The Financial Action Task Force (FATF) has announced that it is retaining Pakistan on the grey list while noting that “significant progress” has been made in completing the required action items for removal from the list.
The FATF has been holding a virtual session in Paris since March 1 that concluded today (March 4). As per reports, the task force reviewed the Asia Pacific Group’s (AGP) report on Pakistan’s compliance with the watchdog’s prescribed action items.
The FATF, in its statement, said that Pakistan has completed 26 of the 27 action items in its 2018 action plan.
“Since June 2018, when Pakistan made a high-level political commitment to work with the FATF and APG to strengthen its Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) regime and to address its strategic counter-terrorist financing-related deficiencies, Pakistan’s continued political commitment has led to significant progress across a comprehensive CFT action plan,” the statement read.
It further added the FATF encourages Pakistan to continue to make progress to address, as soon as possible, the one remaining item by continuing to demonstrate that TF investigations and prosecutions target senior leaders and commanders of UN-designated terrorist groups.
