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10 Oct 2019

FATF Meeting To Be Held From October 12 To October 18:- It Will Decide Fate Of Pakistan

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Within this week a major decision is coming from Financial Action Task Force as right now Pakistan is on the grey list and the FATF is schedule to meet from October 12 To October 18 and fate of Pakistan will be decided in that meeting.  If Pakistan is blacklisted in that meeting then no country in the world is going to help Pakistan financially. 

The meeting is to be held in Paris.  According to sources Pakistan has prepared its Compliance Report for the meeting.  As in June Last year Pakistan was put on the grey list.  And after putting the country in grey list, Pakistan was given 40 recommendations to follow.  These included action against terror funding and money laundering which had to be dealt by Pakistan till October 2019.  

If Pakistan failed to implement these recommendations then Pakistan would be blacklisted as Iran and North Korea.  Previously Pakistan was put on the grey list in 2012 to 2015.  At this stage if Pakistan is put on the black list then its world ranking would be second from last and it will be just one step up Syria.

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