Pakistan remains on FATF grey list, Turkey also added to that list

FATF announced Thursday that Pakistan would remain on its grey list of countries subject to heightened monitoring. Pakistan has been on the gray list since June 2018 because of weaknesses in its anti-terrorism financing and anti-money laundering regimes. Dr. Marcus Pleyer, FATF President, announced the decision by saying Pakistan had to complete two concurrent action plans containing a total of 34 items.

Read more: Governor SBP says surge in dollar price is good for overseas Pakistanis

 According to him, Pakistan has addressed or largely addressed 30 of the items. Recently, FATF’s regional partner, the Asia Pacific Group issued an action plan that focuses on money laundering deficiencies in June.  The FATF has also added Turkey, along with Jordan and Mali, in its revised list of “jurisdictions under increased monitoring.

Source: Dawn