FATF satisfied by Pakistan’s compliance on action plan
ISLAMABAD: Pakistan’s success on the Financial Action Task Force’s (FATF) action plan has reportedly satisfied the global watchdog, it has been said on Thursday.
The Pakistani team, led by Economic Affairs Minister Hammad Azhar, has “defended the country’s compliance report during the joint FATF meeting group held in Beijing, China,” said local media sources.
“The watchdog showed satisfaction over Pakistan’s report of compliance,” the publication said.
The Indian side had to face humiliation because, during the joint group meeting, the US and European countries did not extend their support to their “tough but mostly irrelevant questions.”
The ongoing meeting went very well. This time the attitude of the US and the European Union countries remained supportive and except India no other country raised questions on Pakistan’s compliance, media sources claimed.
If required to do so today (Thursday) the Pakistani team will remain standby to defend the report further. “If the FATF Joint Group requested any additional documents or annexations of any point, the Pakistani side would be prepared to respond to them,” according to sources.
Official sources said Pakistan would now concentrate on gaining more diplomatic support from FATF’s plenary meeting of voting members. Pakistan needs the three countries’ assistance to escape the blacklist. For coming out of grey and landing into the white list, Islamabad needs 12 votes out of a total of 39.
A third scenario is possible for Pakistan to remain in the grey list for another 3 to 6 months.
Since obtaining US assistance, the chances have said that Pakistan could be removed from the grey list and put in the safest white list.