Know why FATF retained Pakistan in grey list

18 Oct 2019 08:46 PM

Know why FATF retained Pakistan in grey list

Updated 18 Oct 2019 08:46 PM

The Financial Action Task Force (FATF) on Friday expressed serious concerns over the lack of progress made by Pakistan to address its terror financing risks. "Pakistan needs to do more and faster. If by February 2020, Pakistan doesn't make significant progress, it will be put in the 'Black List'," FATF President Xiangmin Liu said while addressing a press conference on the last day of its five-day plenary in Paris.
While Pakistan has escaped the terror black list, according to sources, there was a consensus among members in the global watchdog to retain Pakistan in 'grey list' based on its 27-point action plan.
A decision on the status of Pakistan will now be taken by FATF in February next year.

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