Strong prospects of Pakistan’s removal from FATF grey list
The FATF’s plenary session has strong prospects for removing Pakistan from the grey list and adding it to the white list due to its legislation and full commitment to money laundering and terror financing.
According to the details, the FATF’s plenary meeting will be held in Paris from October 21 to 23. The three-day meeting of the FATF will decide whether to keep Pakistan on the grey list or add it to the white list.
Pakistan is likely to be declared a country where money laundering and terrorism are not financed.
It may be recalled that in June 2018, the FATF added Pakistan to its grey list and was given time till October 2 to take necessary steps in this regard.