"Despite a high level commitment by Pakistan to fix these weaknesses, Pakistan has not made enough progress," Xiangmin Liu, president of the Financial Action Task Force (FATF), said in Paris. Pakistan has been on the FATF's so-called grey list since 2018, when it agreed to an "action list" of 27 measures to curb illicit money transfers used by terror groups operating in the country. Pakistan had been on the FATF grey list for years before it was removed in 2015 following "significant progress" in fighting terror financing. "The Pakistani government has demonstrated strong political will to implement its action plan," Liu said. The stricter controls would return permanently if no action is taken by the FATF's plenary meeting in February 2020, Liu said.

Source: Dhaka Tribune October 18, 2019 10:52 UTC