PARIS: The Financial Action Task Force (FATF), a global watchdog on money laundering and terrorist financing, has decided to put Pakistan on the gray list.
The statement said that Pakistan’s name will continue to be on the gray list. According to the FATF, Pakistan has implemented 26 of the 27 points of the 2018 National Action Plan. Continued in Paris until March. Pakistan will continue to be on the FATF gray list.
The FATF says that Pakistan has taken steps since June 2021 to curb money laundering and terrorist financing. Needs to be further improved.
According to the statement, Pakistan needs to work on one point left in the 2021 action plan. Pakistan was put on the gray list in June 2018