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Pakistan to remain on FATF Grey list

Date: 27 February 2021 Tags: International Organizations
  • The Financial Action Task Force (FATF) has decided to retain Pakistan on the “greylist” till the next review of its performance on the recommendations during the June Plenary session.
  • Although Pakistan had made a significant progress, it was still to fully comply with three of the 27-point action plan it had been presented with in June 2018 when it was first put on the “greylist”. He urged Pakistan to make fast progress on the remaining obligations.
  • The three points on which the FATF has sought urgent action by Pakistan pertain to effective steps — in terms of financial sanctions and penalties — against the terror funding infrastructure and the entities involved.
  • After assessing the measures taken during the June session, the FATF would verify the implementation and test the sustainability of reforms undertaken by Pakistan to this end.