According to the Pakistani officials, As a 3-day virtual meeting of the Financial Action Task Force (FATF) is going to start today, during which the progress made by Pakistan against money laundering and terror financing will be reviewed, the officials say that if decisions are based on merit, then the country’s name will be likely removed from the FATF’s grey list.
As per details, Pakistan has submitted a detailed report on the implementation of the remaining 6 points that the Financial Action Task Force (FATF) tasked the country with.
The FATF back in October 2020, had acknowledged that of the 27 conditions that were put forth to Pakistan, 21 had been fulfilled while 6 were left, At that time, Dr. Marcus Pleyer, The
FATF President had said that once the remaining 6 conditions are fulfilled, an “on-site visit” will be approved under which a team from the FATF will visit the country for the next review.
Dr. Pleyer said that “Our discussions are confidential the members decided by consensus that Pakistan needs to complete these 6 items for an onsite visit to be granted, adding that “As soon as the plenary decides that Pakistan has completed all the 27 items, then an onsite visit will be made, After that, it will be decided whether the country will be allowed to exit the grey list or not,”
As per the Pakistani officials have said that if Pakistan’s implementation of the 6 points were to be reviewed by FATF solely based on merit, then the country’s name would be removed from the grey list, which comprises countries without adequate control over terror financing.
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