No relief for Pakistan, FATF to announce decision on ‘listing’ today

No relief for Pakistan, FATF to announce decision on ‘listing’ today

 


There seems to be no relief for Pakistan from the Financial Action Task Force (FATF) that is all set to keep the country on its grey list till February 2020, with a formal announcement in this regard expected later today.
In a major development on Tuesday, the Paris-based terror financing watchdog decided “in principle” that Pakistan will remain on its grey list till February 2020 and directed the country to take “extra measures” for the “complete elimination” of terror financing and money laundering.
The meeting of the international watchdog reviewed the measures taken by Pakistan to control money laundering and terror financing, and observed that Islamabad will have to take further steps on the two parameters in these four months, reported Dawn.
According to Pakistani media reports, the FATF has linked the blacklisting of the country with …

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