The national prospects for removing Pakistan from the FATF's gray list and adding it to the white list have been created. According to details, the FATF's plenary meeting will be held in Paris on October 21-23. The three-day meeting will decide whether to put Pakistan on the gray list or whitelist, ie to declare Pakistan a country where money laundering and terrorism are not financed, otherwise Iran and Blacklisting, like North Korea, could lead to tougher economic sanctions on Pakistan.
Due to Pakistan's legislation and full commitment to money laundering and terror financing, there is a national possibility of removing Pakistan from the gray list and adding it to the white list.
Sources said that all fears of being blacklisted by Pakistan could be allayed. Pakistan gave detailed answers to 150 questions of ICRG. Pakistan has made great progress on 21 out of 27 targets.
And NICTA, SBP, SECP, FMU met all the targets. Earlier, Pakistan's first presented follow-up report was reviewed at the PES meeting. Pakistan made two of the 40 recommendations of the FATF. Fully implemented, Pakistan's recommendations on four issues not everyone made progress, Pakistan's 25 points on partial and 9 recommendations on significant progress, Pakistan is moving towards rapid improvement and measures to stop the financing of terrorists Recently, laws were passed to curb money laundering and terrorist financing. The APG report has nothing to do with next week's planning meeting. The APG has made progress in its report by February. The FATF plan will be held from October 19 to 21. The meeting will decide whether to put Pakistan on the FATF gray list or not.
