Shafaqna Pakistan:Ahead of next week’s Paris meeting of the Financial Action Task Force (FATF), a Netherlands-based think-tank has said that Pakistan is likely to remain on FATF ‘s grey list.
The European Foundation for South Asian Studies (EFSAS) has said that “there is little doubt that Pakistan is not really serious about its adherence to the FATF ‘s requirements. It is, accordingly, attempting to project superfluous and temporary actions as demonstrations of sincere and substantial efforts to the FATF “.
While Pakistan may well succeed in averting the FATF blacklist, it will almost certainly remain on the grey list as it has little chance of securing the 15 votes required to get itself out of the list. That will bring its own set of serious challenges for the country’s economy, IANS has reported.
The think-tank added that Pakistani officials apprised the APG of the “measures they claimed to have taken to prevent suspicious transactions and to restrict illegal activities and freeze the assets of proscribed organizations and groups.
Mutual Evaluation Report (MER) that the APG released on October 2”.
The 228 page MER was based on information provided by Pakistan, as well as the field visit by an APG assessment team in October last year.