A Pakistani team, headed by the Minister of State for Foreign Affairs Hina Rabbani Khar, has departed for Germany in order to participate in an important meeting of the Financial Action Task Force (FATF).
According to the information provided, the delegation, which will be led by Hina Rabbani Khar, has already departed for Berlin (Germany) in order to participate in the important FATF meeting. Officials from the Ministry of Foreign Affairs and the Ministry of Finance, along with other senior officials, make up the delegation.
on June 13, the meeting of the financial watchdog will be held in Berlin for a total of four days. According to supposedly reliable sources, the plenary session will discuss Pakistan’s review on June 15 and 16, and the decisions would be made public on June 17.
It is important to note that Pakistan has completed the implementation of 26 out of 27 items on the action plan that it initially committed to in June 2018 with the Financial Action Task Force (FATF). Following that, the probability of Pakistan being removed from the grey list has been more transparent.
Since June of 2018, Pakistan has been placed on the grey list due to shortcomings in its anti-money laundering and countering the financing of terrorist organizations regimes.
It is important to note that Pakistan will remain on the grey list maintained by the financial watchdog, which is a worldwide organization based in Paris that observes money laundering and the financing of terrorist organizations, until June 2022.