Little Chance of Pak Getting Blacklisted by FATF

The possibility of Pakistan being put in the Financial Action Task Force (FATF) black list, which seemed inevitable till late last year, seems to have almost ended, official sources covering the developments have said. When the FATF’s plenary group meets in Paris between 16-21 February to formally announce what it thinks of Pakistan’s performance on tackling money laundering and terror financing, it is likely, at the most, to keep it in the grey list, the same classification under which it presently is. The chances of Pakistan being taken off the grey and put it into the while list, by the end of this year, if not in February, too was “very strong”, one official hinted. Read More…