Pakistan Likely to Exit FATF Grey List This Week: Sources

According to sources, the Financial Action Task Force (FATF) will meet on Friday, October 20, to decide Pakistan’s fate.

Sources said, within the finance ministry, a FATF Plenary meeting is taking place in Paris next week. It is the first FATF Plenary to be held under the two-year Singapore Presidency of T. Raja Kumar.

After a Period of four years, Pakistan is likely to exit the FATF’s infamous grey list as it has successfully complied with the 34-points action plan related to terror financing and money laundering.

In the light of FATF’s plan, the trade in gold and properties has been made documented, the sources said.

After the meeting, Raja Kumar, the FATF president will address a news conference in which announcement to remove Pakistan from its infamous grey list, the sources said.