Greylist or Blacklist? Pakistan’s fate hangs in balance at FATF

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Shafaqna Pakistan:The Financial Action Task Force (FATF) will meet in Bangkok from September 9-10 to discuss Pakistan’s progress report, which would form the basis of a definitive decision on Pakistan’s fate in October, claimed a report published in *Business Recorder.*

According to the report, the purpose of the meeting is to determine whether Pakistan will remain in the grey list or be blacklisted. The report further states that the government has made considerable progress in complying with FATF .
An official of the finance ministry, according to the report, claimed that Pakistan has initiated lobbying to block any move against Pakistan, possibly by India, to get it blacklisted.

“The present government has taken various measures against money laundering and FATF cell has been established in federal board of revenue to ensure effective and timely implementation of measures against terror financing through currency smuggling.”