PARIS:
The Financial Action Task Force (FATF) has announced that Pakistan will remain on its “grey list” until the next plenary meeting of the Watchdog in June.
Islamabad was hoping to come out of the FATF’s grey list, however, the FATF President Dr Marcus Pleyer, at the end of the meeting said that the global financial watchdog has found Pakistan has not complied with all the 27 parameters set by the watchdog to crack down on terror financing.
Pleyer said that it is essential that Pakistan completes the action plan and based on its progress on some parameters, it is not being put into the Blacklist but FATF will verify the implementation of the action plan Pakistan is meant to complete which will then be reviewed in the next Plenary in June 2021.
The countries that remain on the FATF’s Blacklist are Iran and North Korea.
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