Wednesday , May 27 2020

Pakistan to remain on Grey List till Feb 2020: FATF President

ISLAMABAD (Web Desk) – Financial Action Task Force (FATF) President Xiangmin Liu, while expressing satisfaction over steps against terrorism and corruption, has on Friday announced that Pakistan will remain on its Grey List till February 2020.

The decision was taken after a five-day plenary of the FATF. The intergovernmental organization has urged Pakistan to address all tasks that have been given to it till February 2020.

Earlier, a Pakistani delegation led by Minister for Economic Affairs Hammad Azhar told the FATF meeting that Pakistan has made positive progress in 20 out of 27 points.

The FATF examined the compliance report of Pakistan in its meeting and expressed satisfaction over new risk assessment study of Pakistan. Brotherly countries, including China, Turkey and Malaysia, have supported the stance of Pakistan.

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