FATF asks Pakistan to act by October to exit grey list

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Paris: The global terror funding watchdog FATF has issued fresh ultimatum to Pakistan to act by October to exit grey list, reports said.

Pakistan to stay on the “grey list” till October to fully implement the 27-point Action Plan given by the global money-laundering watchdog, sources said.

The sources said the decision will be announced on Friday at the end of the FATF plenary, which is currently ongoing in the French capital.

The global financial watchdog agreed to give Pakistan more time until October 2020 to fully comply with the remaining 13 points, the sources said.

Pakistan has so far successfully managed to avoid the blacklist due to diplomatic support from China, Turkey, Malaysia, Saudi Arabia and Middle Eastern countries.

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