There was considerable confusion in Pakistan after the FATF voted at the plenary to place Pakistan on the grey list and the matter was not mentioned in the official statement issued after the meeting. Faisal said Pakistan has taken steps to remove deficiencies in its regime to counter money laundering and terror financing. Pakistan was included in the FATF’s grey list in 2012 and removed three years later, after it took some steps to counter terror financing. Once the FATF approves the action plan, it will make a formal announcement about placing Pakistan in the grey list in June. Inclusion in the grey list means all international financial transactions involving Pakistan will face greater scrutiny.

Source: Hindustan Times February 28, 2018 13:18 UTC