The report, sources said, essentially asks Pakistan to do more until September when the FATF Action Plan is concluded for a final assessment. AdvertisingWhile Pakistan will submit its reply to the FATF, it leaves Pakistan with a real danger of being downgraded to the blacklist on terror financing in the upcoming FATF plenary meeting. The FATF plenary meeting at Orlando will decide Pakistan’s future listing even though a formal announcement will only be made at the next FATF plenary scheduled in Paris from October 18 to 23, sources said. Pakistan was placed on FATF’s grey list for terror financing in June 2018, on a proposal moved by the US, UK, Germany and France. FATF is the global watchdog on anti-money laundering and combating financing terror.

Source: Indian Express June 09, 2019 23:15 UTC