The Financial Action Task Force (FATF) is scheduled to meet this week, from June 14 to 17, 2022, in Berlin (Germany) where the fate of Pakistan will be decided about its exclusion from the grey list or extension for another period of a few months with the existing status.
Pakistani authorities are quite hopeful and they are expecting a positive outcome from the plenary meeting. When contacted, a top Pakistani functionary on Sunday said, “We have good hopes for now. We believe that our progress is substantial and has been appreciated by various members. However, the actual decision will be taken in the meeting where a number of countries will comment on our progress. So let’s hope for the best”.
When the official was asked that prior to excluding Pakistan from grey list, whether the FATF would send its team for onsite inspection to gauge the performance of the country, the official replied that yes, if the country is cleared all points, there will be an onsite visit and then removal from the grey list will be done.
