Abb Takk News

FATF Decides to Keep Pakistan in Grey List Till June

PARIS: The Financial Action Task Force (FATF) has decided to maintain Pakistan’s status on its grey list until June when the next review will take place, a statement issued by the Finance Division said on Friday.

“FATF members agreed to maintain Pakistan’s status on FATF’s Compliance Document, normally referred as the Grey List,” the statement said.

Earlier, the Chinese foreign ministry had said that a majority of FATF members had recognised Pakistan’s efforts to improve its counter-terrorism financing (CTF) regime at the financial watchdog’s latest plenary meeting in Paris.

“It was decided at the meeting that Pakistan will be allowed more time to continue implementing its action plan,” said Chinese foreign ministry spokesman Geng Shuang at a news briefing in Beijing.