Pakistan to remain on grey list of FATF

Pakistan to remain on grey list of FATF

Islamabad (Web Desk): The Financial Action Task Force (FATF) has decided to remain Pakistan on its grey list.


According to the Paris-based global watchdog for curbing terror financing and money laundering, Pakistan has been unable to comply with 6 of the 27 points in the FATF’s action plan.

In September, the joint session of Parliament approved a bill crucial to the fulfillment of the FATF requirements.

The session summoned by President Arif Alvi also approved Islamabad Capital Territory Waqf Properties Bill and the Anti-Money Laundering Bill.

Prime Minister Imran Khan is also attendance the session, which was chaired by National Assembly Speaker Asad Qaiser.

Earlier, the National Assembly passed the bill that allows spying powers to the investigators while probing into the case of terror financing, as part of the government’s efforts to enact legislation to help the country get out of the grey list of the FATF.