The Financial Action Task Force (FATF), an international organization working against money laundering and terrorist financing, has kept Pakistan on its gray list until February 2021.
The decision was announced after a virtual FATF meeting in Paris on Friday. The meeting of the Financial Action Task Force lasted from October 21 to October 23 and this time it was held on the virtual internet due to the Corona epidemic.
Pakistan will remain on the gray list until it fully implements six more points of the Action Plan.
An FATF team will visit Pakistan. If 6 more points are implemented, then the next meeting will decide to remove Pakistan from the gray list.
Earlier, in June 2018, the Financial Action Task Force (FATF) proposed a strategy for Pakistan, adding it to the gray list for failing to take effective measures to curb terrorism and money laundering. May be out of the gray list.
It is to be noted that Pakistan is not a member of FATF but many of its allies like Saudi Arabia, Malaysia, China and Turkey are members of this organization, which is why in recent days Pakistan’s Foreign Minister Shah Mehmood Qureshi has visited these countries. Had contacted the foreign ministers of