Highlights
The FATF has strongly urged Pakistan to swiftly complete its full action plan before June 2021.
In a statement, the FATF said, "Pakistan’s continued political commitment has led to significant progress across a comprehensive CFT action plan."
In a major blow to the Imran Khan government, Pakistan on Thursday failed to exit the Financial Action Task Force`s (FATF) grey list. The FATF has strongly urged Pakistan to swiftly complete its full action plan before June 2021.
In a statement, the FATF said, "Since June 2018, when Pakistan made a high-level political commitment to work with the FATF and APG to strengthen its AML/CFT regime and to address its strategic counter-terrorist financing-related deficiencies, Pakistan’s continued political commitment has led to significant progress across a comprehensive CFT action plan, including by: demonstrating that law enforcement agencies are identifying and investigating the widest range of TF activity, demonstrating enforcement against TFS violations, and working to prevent the raising and moving of funds including by controlling facilities and services owned or controlled by designated persons and entities."