TIL Desk/World/Paris/ The Financial Action Task Force (FATF) has decided to put Pakistan on its grey list till next February and directed Islamabad to take “extra measures” for “complete” elimination of terror financing and money laundering.
An FATF meeting in Paris on Tuesday reviewed the measures that Islamabad has already taken to control money laundering and terror financing. However, the meeting observed that Islamabad will have to take further steps in these four months. The FATF has linked the blacklisting of Pakistan with unsatisfactory steps to curb money laundering and terror financing.
The FATF will take a final decision on the matter in February 2020. A formal announcement about these developments will be made on October 18. Pakistan Finance Ministry spokesperson Omar Hameed Khan was approached to verify the news but he said: “It is not true and nothing before October 18.”
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