Pak still to implement action plan to avoid FATF blacklisting: Report


Ahead of a key meeting with the Financial Action Task Force (FATF), Pakistan is yet to address a critical deficiency in its legal regime that could hamper its capacity to seize properties of terrorist groups and can land it on the anti-money laundering watchdog’s blacklist, according to a media report.

Currently placed on the Paris-based FATF’S ‘grey list’, Pakistan has been scrambling in recent months to avoid being added to a list of countries deemed non-compliant with anti-money laundering and terrorist financing regulations by the FATF, a measure that officials here fear could further hurt its economy.

A team of experts from FATF’s International Cooperation Review Group (ICRG) is scheduled to visit Pakistan in the first week of January to assess the progress made by it on an action plan agreed in June to address global concerns. Read More

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