The Financial Action Task Force (FATF), a global organisation that monitors transnational crime, will begin its two-day conference today in Paris.
The summit will cover a number of topics, including eliminating Pakistan’s name from the Grey List.
The representative for Pakistan in the conference is Hina Rabbani Khar, Minister of State for Foreign Affairs, who is currently in Paris.
Throughout a trip to the United States just three days ago, Pakistan’s Finance Minister, Ishaq Dar, also said that his country will be taken off the Financial Action Task Force’s “grey list” (FATF).
He added that Pakistan had made a lot of effort to get off the “grey list.” The president is certain that the country will survive the conference that is set to take place in a few days, he added.
Raja Kumar, the action force’s new governor, will rule over this meeting for the first time.
It is important to note that Pakistan has adhered to both FATF action plans in full. Islamabad has implemented 34 elements using two distinct action programmes. Officials claim that Pakistan has complied with all procedures to stop the financing of terrorism and money laundering.
At the organization’s most upcoming plenary meeting in March 2022, FATF kept Pakistan’s name on its “grey list” and ordered it to take additional steps to investigate and prosecute senior leaders and officers of UN-designated terrorist organisations for financing terrorism.
From August 29 to September 2, a high-level FATF team travelled to Pakistan to discuss with relevant officials and assess the country’s progress toward achieving the criteria necessary to be taken off the grey list.
