Daily Insights

Pakistan to Remain on FATF Grey List

By 06/07/2021 March 25th, 2022 0 Comments

According to the announcement made by the FATF on Friday, Pakistan will remain on the FATF grey list despite showing significant progress on the majority of the recommendations. According to Dr Marcus Pleyer, Pakistan has shown commendable progress on 26 out of 27 items on the action plan which the country committed to in June 2018.

However, the country will stay on the “increased monitoring list” as it still needs to show constructive performance on the financial terrorism front. In 2018, FATF’s regional partner, the Asia Pacific Group (APG), identified several issues during its assessment of Pakistan’s anti-money laundering and counter-terrorist financing system.

Since then Pakistan has come a long way and shown remarkable improvement. However, despite Pakistan’s commitment to eradicate money laundering and terror financing, the country will remain on the grey list until it meets all of the 27 items on the action plan.

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