The global body, working to curb money laundering and terrorism financing, also urged Pakistan to swiftly implement its 27-point Action Plan. Pakistan will remain on the FATF grey list, although India tried to get it blacklisted. The FATF wanted Pakistan to treat these eight outfits as high risk entities and take actions against them accordingly. Pakistani authorities claimed that they managed to convince the FATF about the progress they have so far made on implementation of the action plan. “Pakistan has taken steps towards improving its AML/CFT regime, including by operationalising the integrated database for its currency declaration regime,” said the FATF.

Source: The Express Tribune February 23, 2019 03:45 UTC