KEEPING PAKISTAN IN THE GREYLIST OR WHITE LIST WILL BE ANNOUNCED ON 25Th FEB 2021
The Financial Action Task Force (FATF) is now undergoing a virtual plenary session, in which Pakistan’s performance in the measures to minimizing money laundering & terror financing would be reviewed.
Ahead of the meeting, FATF had given a glimpse of the overall performance of all countries where it was also revealed that Pakistan showed a great improvement in compliance on 2 sectors whereas the total recommendations measures were 40. Surely actions for the effectiveness of anti-money laundering & removal loops for financing terror. On realistic grounds, Pakistan’s progress on non-compliant on four counts is a total of 25 counts.
Still, by now, Pakistan’s evaluation at the plenary will be based on a predetermined 27-point action plan & not the total 40 recommendations.
Now after so many efforts of Pakistan is very less likely to be pulled on the blacklist. As the three most accredited members of FATF — China, Turkey and Malaysia — always sustain all pressures & helped PAKISTAN in tough situations. Thou Pakistan has to show consolidating steps as well as FATA has very clear & strict regulations.