Pakistan looks to exit the ‘grey list’, faces new test at FATF meet

July 20, 2022July 20, 2022

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Pakistan’s efforts to investigate and demand that the leaders of terror groups who are not determined to fight terror financing will be evaluated during the Financial Action Task Force session (FATF), which began today in Paris.

Work sessions and Plenary FATF will continue until March 4, after that multinational financial supervisors will announce whether Pakistan will be stored in the “gray list,” or a list of countries subject to high supervision, which is added in the middle-2018.

Since June 2018, Pakistan has been included in the Fatf gray list for deficiencies in counter-terrorist funding and anti-money laundering regimes.

Imports, exports, sending money, and access to foreign credit have all been disadvantaged as a result of the Grayl list.

Pakistani Prime Minister Imran Khan has lobbied for the transfer of Pakistan from Greylist Fatf since serving, but unsuccessful.

Last week, Pakistani foreign office said they had fully met the requirements set by the Financial Action Task Force (FATF) because it was out of that category, Koran Dawn reported.

At the media briefing, Pakistani Foreign Office spokesman Asim Iftikhar said, “In the context of FATF, we have faithfully obeyed and completed all technical requirements and hoped that the results would be in a positive direction.”

Pakistan is stored in FATF’s “gray list” because he failed to apply global FATF standards effectively and because he failed to investigate and demand that key leaders and terrorist groups who were not appointed.

Pakistan will remain in the gray -gray list, according to President Fatf, to complete all items in the initial action plan agreed upon in June 2018, as well as all items in the parallel action plan issued by the Rup (APG), in 2019.