No relief for Pak, FATF to announce decision on ‘listing’ today

Islamabad: There seems to be no relief for Pakistan from the Financial Action Task Force (FATF) that is all set to keep the country on its grey list till February 2020, with a formal announcement in this regard expected later today.
In a major development on Tuesday, the Paris-based terror financing watchdog decided “in principle” that Pakistan will remain on its grey list till February 2020 and directed the country to take “extra measures” for the “complete elimination” of terror financing and money laundering.
The meeting of the international watchdog reviewed the measures taken by Pakistan to control money laundering and terror financing, and observed that Islamabad will have to take further steps on the two parameters in these four months, reported Dawn.
According to Pakistani media reports, the FATF has linked the blacklisting of the country with “unsatisfactory steps to curb money laundering and terror financing”.
The formal announcement of these decisions is scheduled to be made today at 12:00 (local time) which is the last day of its ongoing session.
Pakistan was placed on the Grey List by the watchdog in June 2018 and was given 15 months to complete implementation of a 27-point action plan, failing which it be placed in the blacklist along with Iran and North Korea.