Pakistan to remain in FATF’s Grey List till Feb ‘20: Reports

Islamabad: The Financial Action Task Force (FATF) has decided, in principle, to keep Pakistan in its Grey List till February 2020, directing Islamabad to take extra measures for complete elimination of terror financing and money laundering.

The FATF is an inter-governmental body established in 1989 to combat money laundering, terrorist financing and other related threats to the integrity of the international financial system.

In a meeting in Paris on Tuesday, the FATF reviewed the measures that Pakistan has already taken to control money laundering and terror financing, reported local media.

The Paris-based task force has urged Pakistan to take extra measures for complete elimination of terror financing, it quoted Aaj TV.

The FATF will take a final decision on Pakistan’s position in February 2020. A formal announcement about the interim developments will be made on Friday, which is the last day of the FATF’s ongoing session, the report said.