Advertisement
The Financial Action Task Force (FATF) is set to review Pakistan’s progress on its action plan when the body meets for its three-day plenary meeting, staring on February 22. The upcoming meeting is expected to make a final decision on whether to keep Pakistan on its grey list or move it out.
FATF has given Pakistan ample time to make progress on the action plan handed to the country. The country was placed on the grey list in June 2018 for failing to implement effective measures to stop terror financing and money laundering in the country.
Over the last two years, Pakistan has made significant progress to address many legislative gaps and clamped down on militant groups that have risen on FATF’s agenda. In February 2020, the organization expressed reservations over “Pakistan’s failure to complete its action plan in line with the agreed timelines and in light of the terrorist financing risks emanating from the jurisdiction.” The FATF in its statement said it