Pakistan to stay on FATF grey list for 4 more months

PESHAWAR (Pajhwok): The Financial Action Task Force (FATF) has decided to keep Pakistan on the grey list for another four months.

At a plenary session on Friday, the Paris-based watchdog asked Islamabad to remove remaining deficiencies to come out of the increased monitoring list.

Pakistan has been found compliant with 26 points out of 27 action plans. On the second list of demands, out of six action plans, the country has complied with five points.

The News reported Pakistan would have to comply with both action plans to qualify for an on-site inspection that would pave the way for its exclusion from the grey list.

“Now Islamabad will have to move swiftly towards investigation and prosecution of senior leaders designated under UN resolutions,” the newspaper quoted credible sources as saying.

Officials said Pakistan aimed to fully comply with the 2021 action plan on anti-money laundering and combating terror financing by the end of January 2023.

Recently, the IMF asked Pakistan to complete the last remaining item in the 2018 AML/CFT action plan on the effectiveness of terror financing investigations and prosecutions of senior leaders of UN-designated terrorist groups, and promptly address the deficiencies identified in the APG’s Mutual Evaluation Report under the 2021 action plan.

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