PARIS, June 27 (TNS): Interim Finance Minister Dr Shamshad Akhtar on Wednesday requested the Financial Action Task Force (FATF) to remove Pakistan from its grey list.
FATF is a global body that combats terrorist financing and money laundering. The decision to place Pakistan on the global money-laundering watchdog’s grey list was made during its plenary meeting in February this year.
As the crucial meeting of FATF went under way in Paris, the Pakistani delegation — led by Akhtar — apprised the watchdog of steps taken by the country to stem money laundering and terror financing, and put up a robust case on not placing its name on the grey list.
According to local media reported, Pakistan is likely to be granted more time to implement necessary measures to be compliant with anti-money laundering and terrorist financing regulations by the FATF.
The six-day meeting of the watchdog is under way from June 24 to 29 in the French capital.
