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Pakistan To Remain In FATF Greylist


18 October 2019

OMMCOM NEWS


Paris:  Following a key plenary here, the Financial Action Task Force (FATF) on Friday announced to keep Pakistan in the grey list.

The announcement was made by FATF President Xiangmin Liu.

The global watchdog for terror financing and money laundering had placed Pakistan in the grey list of countries responsible for terror-financing in June 2018, presenting Islamabad with a 27-point action plan to adopt strict anti-money laundering measures till September 2019.

The FATF meeting, which started on October 13, had discussed the steps taken by Pakistan till April 2019.

It was attended by representatives from 205 countries and also from the International Monetary Fund, UN, World Bank and other organisations.

The FATF, which has 39 members including India, sets guidelines for fighting terrorism financing and monitors their compliance.

(IANS)