According to the 24NewsHD TV channel on Thursday, the two-day meeting of the Financial Action Task Force (FATF), a global organisation that monitors money laundering and terrorism financing, will start today in Paris.
Along with other topics, the meeting will talk about removing Pakistan’s name from the Grey List. To represent Pakistan at the meeting, Minister of State for Foreign Affairs Hina Rabbani Khar is already in Paris.
Ishaq Dar, Pakistan’s finance minister, expressed hope that his country will be removed off the Financial Action Task Force’s “grey list” just three days prior (FATF).
Dar also said that Pakistan had worked hard to exit the grey list. “A meeting is expected in a few days, and the government is hopeful that the country will come out of it,” he hoped.
This will be Raja Kumar, the taskforce’s new president, first FATF meeting as chairman.
It is important to note that Pakistan has adhered to both of FATF’s action plans in full. Islamabad has implemented 34 points under two different action plans. According to officials, Pakistan has met all requirements to end money laundering and financial assistance for terrorists.
At its most recent plenary meeting in March 2022, FATF decided to keep Pakistan’s name on its “grey list” and ordered it to take additional steps to investigate and bring charges against key commanders and leaders of UN-designated terrorist organizations for financing terrorism.
The FATF sent a high-level delegation to Pakistan from August 29 to September 2 to meet with the necessary officials and assess the country’s progress in meeting the requirements for removing itself off the grey list.
The group looked at how well government projects were implemented and sustained.