Pakistan received another extension on the “greylist” until October 2020, as the Financial Action Task Force (FATF) plenary session on Wednesday.
At the FATF plenary, held via videoconference, Pakistan was due for a decision on whether it would be kept on the greylist or moved to the blacklist for failing to enact the FATF’s 27-point action plan on AML and CFT issues.
The FATF, which had given Pakistan two extensions to comply with its action plan since October 2019, decided unanimously to postpone decisions on all countries under “increased monitoring” or the “greylist”, as well on “high risk jurisdictions”, as the “blacklist” is formally known, owing to the Coronavirus pandemic.
