Pakistan seems to remain in FATF grey list till June 2021

Out of 27 points, Pakistan has complied with 21 points. However, 6 points are still in the queue, and it doesn’t seem to be convincing enough for FATF for whitelisting Pakistan at this moment. However, keeping in view the progress of Pakistan of passing bills in the national assembly against terror financing and money laundering the danger of being blacklisted is somehow rectified. It is being said that Pakistan will manage to exit from the greylist probably by June next year.

The current session of FATF is being held from 21 Oct to 23 Oct where Pakistan`s progress on 27 point action plan will be reviewed. The current progress on 21 points has been already communicated to the global watchdogs and FATF officials. They also have mentioned Indian role of convincing FATF for putting Pakistan in the blacklist.

For the remaining six points, Pakistan got around 25% success and curbed all the major gateways, which is a remarkable effort in such a short period. It should be kept in mind that Pakistan got an extension of 3 months from June to complete the action plan due to the pandemic. Meanwhile, Pakistan worked comprehensively updating its legal framework to international standards.