Pakistan faces the onerous task of defending its actions to curb terror financing at the plenary meeting of the Financial Action Task Force (FATF) in the US against the backdrop of reports that the country has failed to deliver on a 27-point action plan framed by the multilateral watchdog.
The FATF plenary at Orlando, Florida, which is ending on June 21, is crucial as its findings will determine whether Pakistan will remain on the watchdog’s “grey list” or be downgraded to the “black list”, which would lead to harsher financial sanctions.
During the meeting, FATF members will assess the implementation of the action plan by Pakistan.
However, a final announcement on Pakistan’s status is expected only after the FATF’s next plenary in Paris during October 18-23, people familiar with developments said. Read More