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FATF Plenary Meeting Evaluates Pakistan’s Compliance Report

October 21, 2021

In its ongoing plenary meeting in Paris, the Financial Action Task Force (FATF) has been scrutinizing Pakistan’s compliance report on two action plans and a total of eight points. Despite progress on certain issues, such as amending the Mutual Legal Assistance (MLA) law to ensure international cooperation, the FATF plenary meeting is likely to keep Pakistan on the grey list.

“Despite progress on new action plans with seven points, the FATF has not conducted an onsite visit, so exclusion from the grey list is out of the question,” top official sources confirmed to The News on Wednesday.

According to Pakistani officials, Islamabad submitted its progress report and claimed progress on all points out of the seven action plans imposed by FATF. “We expect the plenary to accept a few points and declare compliant or largely compliant on a few of them,” the official said.

Pakistan was asked to show progress on the prosecution of UN-designated outfits and their affiliated associates on the final point of the first action plan out of 27 points. Pakistan has previously shared progress on this front, and this time-shared specific number of people against those prosecutions was accomplished effectively. The FATF may not be satisfied with this point. The FATF plenary in July kept Pakistan on the grey list while simultaneously delivering another action plan with a total of seven points to implement in order to avoid being placed on the blacklist.

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