will Pakistan exit ‘grey list’ as FATF ?

will Pakistan exit ‘grey list’ as FATF  ?

ISLAMABAD: As a three-day virtual meeting of the money Action Task Force (FATF) can begin these days, Washington’s Birthday, throughout that the steps taken by West Pakistan against concealing and terror finance are reviewed, Pakistani officers say that if choices area unit supported benefit, then the country’s name are possible far from the FATF’s gray list.

According to sources, West Pakistan has submitted an in depth report on the implementation of the remaining six points that the FATF tasked the country with.

Back in October 2020, FATF had acknowledged that of the twenty seven conditions that were place forth to West Pakistan, twenty one had been consummated whereas six were left. At that point, FATF President Dr Marcus Pleyer had aforesaid that when the remaining six conditions area unit consummated, Associate in Nursing “on-site visit” are approved underneath that a team from the FATF can visit the country for consecutive review.

“Our discussions area unit confidential […] the members determined by agreement that West Pakistan has to complete these six things for Associate in Nursing onsite visit to be granted. “As before long because the comprehensive decides that West Pakistan has completed all the twenty seven things, then Associate in Nursing onsite visit are created. After that, it’ll be determined whether or not the country are allowed to exit the gray list or not,” Dr Pleyer had aforesaid.

Pakistani officers have aforesaid that if Pakistan’s implementation of the six points were to be reviewed by FATF only supported benefit, then the country’s name would be far from the gray list, that contains countries while not adequate management over terror finance.


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