ISLAMABAD: Financial Action Task Force (FATF) has announced to review the performance of Pakistan to combat money laundering and corruption, at Beijing with Eurasian Group (EAG) from June 21 to June 26.
According to reports, the two groups would review the improvements made and the applied strategies. The final decision will be given in October 2020 whether Pakistan will remain in the grey list or not.
RecommendedMust Read
FATF officials stated that although the time to achieve the target it over but Pakistan can still complete the remaining points until the FATF meets or else FATF would blacklist the country.
However, it was maintained that Pakistan had made significant progress by applying broad strategy to meet the standards and demands of the FATF.
Pakistan has implemented the financial sanctions to achieve the 14 points in which the finance ministry identified frozen assets, prohibited access to funds and financial services, placed sanctions on 1,267 terrorists et al.
Pakistan was placed in grey list by FATF in 2018.
