Pakistan is Ready for FATF As Meeting Approaches

Pakistan is Ready for FATF As Meeting Approaches

Islamabad may be removed from grey list this week if FATF not insists on an on-site visit to verify the actions taken by the country The FATF plenary, which started is examining Pakistan's compliance on FATF 27-point agenda on Monday, will conclude its proceedings and announce its final verdict on Thursday. "Pakistan may have to stay in the grey list until a FATF team will submit a positive report by June after its on-site visit either in April or May," sources said. During the last FATF plenary in October 2020, Pakistan was given an extension for full compliance with the recommendations till the next session in February. It had not fully complied with six of the 27 directives, while the other obligations were largely met. "Islamabad is expected to remain on the FATF grey list until June, but the decision to include in white list may be linked to an onsite evaluation by FATF team and its final submission can be used to convince the member-states that Pakistan had done enough to get its name struck off the 'increased monitoring' list," sources added. However, Pak diplomatic circles are confident of 100 per cent compliance over FATF regulations and expect a