Abb Takk News

FATF To Decide Pakistan Fate Over Black List Today

PARIS: The FATF plenary and working group meetings started in Paris, France on Monday and are set to conclude today. A delegation headed by Federal Minister for Economic Affairs Hammad Azhar is representing Pakistan at the meetings.

According to details, Pakistan hopeful to come out from fear of FATF black list as China, Malaysia, Saudi Arabia and other gulf states are supporting Pakistan.

Pakistan was placed on the FATF grey list in June 2018 and was given a plan of action to complete by October 2019 or face the risk of being placed on the blacklist along with Iran and North Korea.

In October 2019, the FATF decided to keep Pakistan on its grey list till February, giving it time to implement a 27-point action plan.

The task force directed Islamabad to take more measures for the complete elimination of terror financing and money laundering while expressing serious concerns over the lack of progress in addressing terror financing risks.

The FATF met again in January this year in Beijing where Pakistan provided a list of actions taken to implement the action plan.