Pakistan compliant on ‘14 FATF action points’

Pakistan is still fully compliant on 14 out of the 27-point Action Plan of the FATF. The deadline to complete the legislative work is 15th Aug’20 and to submit a compliance report is 6th Aug’20. The meeting of the Standing Committee on Finance had been convened to approve three bills. However, the opposition refused to endorse the govt.’s proposed National Accountability Ordinance Amendment Bill. The parliamentary committee has to approve these FATF-related bills before 6th Aug’20, or else Pakistan cannot exit the grey list.