The Financial Action Task Force (FATF) will make public the outcome of its three-day plenary today, deciding whether Pakistan remains on its grey list or not.
Pakistan has been on the FATF’s increased monitoring list, also known as the grey list, for deficiencies in its counter-terror financing and anti-money laundering regimes since June 2018.
The virtual meeting of the FATF Plenary will take place under the presidency of Dr Marcus Pleyer today, while delegates representing 205 members of the Global Network and observer organisations including the International Monetary Fund, the United Nations and the Egmont Group of Financial Intelligence Units will also take part in the meeting.
According to the FATF website, “The FATF will finalise key reports, including the revised guidance on virtual assets and their service providers and discuss next steps to strengthen its standards on transparency of beneficial ownership.
