Days ahead of a meeting of the Financial Action Task Force (FATF) that will consider whether to blacklist Pakistan, an official report has found the country is fully compliant with only one of 40 recommendations made by the global watchdog to counter terror financing and money laundering.
The report will be among materials to be considered by the FATF’s plenary and working group meetings in Paris from October 13 to 18. The multilateral body is expected to decide whether to retain Pakistan in the watchdog’s “grey list” or downgrade its status to the “black list”, which could entail extensive economic sanctions and impact a $6-billion bailout programme with the IMF.Read More…Read More…
