A Pakistani delegation is currently in Beijing for critical three-day discussions with Financial Action Task Force (FATF) Working Group that will begin its meeting on January 21, expecting to obtain a reprieve in the worldwide money-laundering watchdog’s greylisting.
The group is directed by economic events minister Hamad Azhar and comprises officials in the National Counter Terrorism Authority, overseas ministry, State Bank of Pakistan, Customs, interior ministry and Fiscal Monitoring Unit (FMU). The News daily reported Monday that there’s a risk that voting may be conducted to consider Pakistan’s departure from the gray list. This wasn’t supported by Pakistani officials.
The report stated that”If Pakistan doesn’t come from this grey list’, it’s predicted to acquire a largely-compliant’ score from the FATF regarding execution of 27 recommendations provided in its Action Plan that may allow it to acquire more time in the watchdog for complete compliance”