“Pakistan has sent a satisfactory report to the FATF on implementation of its action plan”, said Standing Committee Chairman Faizullah, while giving a brief statement to the media after the meeting. Islamabad had been given a 27-point action plan that the country will implement till September 2019. The FATF has placed Pakistan on the grey list of countries whose terrorism financing and anti-money laundering laws are described as deficient. The authorities briefed the standing committee that Pakistan has made an extraordinary progress on implementation of the Action Plan. India was pressing Pakistan hard by using the FATF platform to get these banned organizations declared high risk.

Source: The Express Tribune April 25, 2019 03:45 UTC