Pak needs aggressive diplomacy to exit FATF grey list: Official

TIL Desk/World/Islamabad/ Pakistan needs to launch an aggressive diplomatic effort to secure enough support to come out of the grey list or prevent itself from falling into the black list of the Financial Action Task Force (FATF) next month, a senior government official has said.

The official’s remarks came after a 10-member Pakistani delegation attended a two-day meeting of the Asia-Pacific Group (APG) of the Paris-based global watchdog FATF in the southern Chinese city of Guangzhou where it defended Pakistan’s efforts against money laundering and terror financing.

The senior official, who participated in the APG meeting in Guangzhou last week, told that the coming FATF Plenary and Working Group meetings in Orlando, Florida, scheduled for June 16-21, would be crucial for Pakistan to get rid of the grey list or falling into the black list and having serious economic repercussions.