ISLAMABAD: The Financial Action Task Force (FATF) reviewed Pakistan’s agenda on Wednesday. According to media reports, Pakistan has successfully implemented all the 27 points that were asked of it by the FATF.
If some reports are to be believed, Pakistan might be removed from the grey list after a long three years.
During the three-day conference in Paris, the committee reviewed Pakistan’s performance against money laundering and terror financing.
“The 100 per cent compliance report submitted by Pakistan states that Pakistan has completed the implementation of the remaining last point. The decision to remove from or retain the name on the grey list will now be based on the progress report,” told a finance ministry spokesperson on condition of anonymity to a local newspaper.
The report explains how Pakistan has put a stop on terror-financing and has convicted 150 people in money laundering cases. It also briefs about the laws established to punish money launderers and the progress on the monitoring of real estate, lawyers, and accountants etc.