Pakistan was grey-listed in June 2018 and given a 27-point action plan to curb terrorist financing activities.
The country received another seven-point action plan in October last year after completing 26 of the 27 points handed initially to it in June 2018.
At the final plenary session in March, Pakistan informed the FATF that it had completed 32 of the 34 points.
Action Points despite frantic lobbying by Islamabad for some relief from the international regulator for financial crimes such as money laundering and terrorist financing, official sources told that Pakistan will remain on the grey list until at least February next year.
The FATF Plenary, which started in Berlin on Tuesday, will review Pakistan’s progress and decide whether or not to remain on the above list. The decision will be announced on June 17 at the end of the meeting.
“The best-case scenario is that we can get a site visit (from FATF officials),” said a senior official while asking for anonymity. “If the FATF agrees to the on-site visit, it would be one step closer to removing Pakistan from the grey list,” he added.
But even then, the announcement would be made at the next plenary session in October, and Pakistan could be officially delisted in February next year.
