What Imran Khan should do to prevent Pakistan from FATF blacklisting

International News

Pakistan needs to launch an aggressive diplomatic effort to secure enough support to come out of the grey list or prevent itself from falling into the black list of the Financial Action Task Force (FATF) next month, a senior government official has said.

The official's remarks came after a 10-member Pakistani delegation attended
a two-day meeting of the Asia-Pacific Group (APG) of the Paris-based global watchdog FATF in the southern Chinese city of Guangzhou where it defended Pakistan's efforts against money laundering and terror financing.

The senior official, who participated in the APG meeting in Guangzhou last week, told the Dawn newspaper that the coming FATF Plenary and Working Group meetings in Orlando, Florida, scheduled for June 16-21, would be crucial for Pakistan to get rid of the grey list or falling into the black list and having serious economic repercussions.

"The Orlando plenary will actually set the stage for Pakistan's future even though a formal announcement would come out at the next FATF plenary due in Paris on October 18-23," he said.Hence, an aggressive diplomatic effort over the next four weeks is required to secure enough support and votes to exit the grey list, the report said.Pakistan was now fully compliant with the related United Nations resolutions, the official said.

Pakistan has taken aggressive steps over the last two months in terms of regulatory and monitoring mechanism to meet the FATF requirements and its legal system is generally up to the mark, except some amendments to the Anti-Money Laundering Act (AMLA) 2010 pending before the National Assembly's standing committee on finance and revenue, the report said.


"We believe we have generally delivered on the technical side i.e. legal and administrative action, regulations, monitoring, enforcement and inter-agency and stakeholder coordination and now require more of the diplomatic push to counter the adversaries," said the official.