Describing Pakistan as “largely compliant” on 21 of the 27 points of the action plan, Financial Action Task Force (FATF) President Dr Marcus Pleyer viewed the country as “safer” from the black list. — Reuters/File
Describing Pakistan as “largely compliant” on 21 of the 27 points of the action plan, Financial Action Task Force (FATF) President Dr Marcus Pleyer viewed the country as “safer” from the black list — technically called the high-risk jurisdiction.
At the same time, he noted that six outstanding items were “very serious” and risks were not over until the authorities in Islamabad repaired all those strategic deficiencies.
This was interpreted by Hammad Azhar, minister for industries and production and Pakistan’s head of the task force on FATF, as “FATF acknowledged that any blacklisting is off the table now”. He said Pakistan achieved impressive progress on its FATF action plan and 21 of 27 action items stood cleared while the remaining six were rated as partially complete.