A 5-day session of FATF will begin today (17th Feb’20) in Paris, in which Pakistan’s performance on the implementation of global illicit financing watchdog’s 27 action points to curb terror financing and money laundering will be reviewed. Experts are of the view that Pakistan is expected to exit the grey list soon after winning a “largely-compliant” rating from the FATF, or might get more time from the watchdog for attaining full compliance. Pakistan needs only 12 out of 39 votes for exiting the grey list. Pakistan has already gained full support from China, Turkey and Malaysia, and aims to obtain 12 votes with escalated diplomatic campaign.
17/02/2020