#Just-In: FATF has removed Pakistan from Grey List


Pakistan is “no longer subject to FATF‘s increased monitoring process; to continue to work with APG (Asia/Pacific Group on Money Laundering) to further improve its AML/CFT (anti-money laundering & counter-terrorist financing) system,” states FATF

In a meeting in June, the FATF said it was keeping Pakistan on the list — also known as the ‘grey list’ — but said it might be removed after an on-site visit to verify progress.

Last month, the Foreign Office said a FATF technical team had conducted a “successful” visit and Islamabad was expecting a “logical conclusion” of the evaluation process in October. China has once again thwarted an Indian move in the United Nations to malign Pakistan just days before an important meeting of the Financial Action Task Force (FATF).