Pakistan still on Grey List, FATF claims
June 26, 2021
ISLAMABAD. The Financial Action Task Force (FATF) has chosen to keep Pakistan on its grey list whereas recognizing that the state has completely executed 26 out of 27 focuses of its activity plan. The anti-money laundering watchdog has moreover given another six-point activity arrange relating to Mutual Evaluation Report (MER) Process to Islamabad. “Pakistan remains beneath expanded observing [list]… the Pakistani government has made significant advancement, making its counter terror-based oppression financing framework more grounded and more effective,” FATF President Dr Marcus Pleyer said to a press conference taking after a five-day virtual assembly of the body in Paris. In expansion to this, Dr Marcus said that the sperate process has been taking place over the past few a long time and back in 2019 the FATF territorial accomplice, the APG (Asia Pacific Group) distinguished number of genuine issues amid its evaluation of Pakistan’s entire anti-money laundering and financing system. “Since then Pakistan has made improvement, this includes clear efforts to raise awareness in private sector.” Federal Minister for Energy Hammad Azhar, in the meantime, has uttered optimism that Pakistan will be removed from FTAF’s grey list after completing both of its action plans within “12 months”, “We will complete the remaining two action plans within 12 months. Pakistan will now be placed on white list instead of black list,” he said while addressing a press conference in Islamabad shortly after the FATF announcement.