Pakistan to Stay on FATF Grey List

Pakistan will remain on the grey list of the Financial Action Task Force (FATF) for failing to comply with the global terrorist financing watchdog’s deadline to prosecute and penalise terrorist financing in the country.

Key Highlights

  • At the previous FATF plenary in February 2020, Pakistan had been told that “all deadlines” had expired and if they didn’t prosecute and penalise terrorist financing by June 2020, the watchdog would take action with financial consequences.
  • The present or the third and final plenary meeting of FATF, amidst COVID-19, was held through videoconferencing in June 2020. Pakistan was due for a decision on whether ....
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