Pak on the hook as FATF meet begins

New Delhi, February 22

The Financial Action Task Force (FATF) began its three-day meeting today, which will also decide the fate of Pakistan.

While Islamabad is keen to get off the grey list, India and several European countries feel Pakistan should continue to be kept on close watch for some more time.

Delegates representing 205 members of the Global Network and observer organisations, including the IMF, UN and the World Bank, will take part in this meeting. Due to restrictions imposed by the pandemic, the meeting is taking place virtually.

Delegates will discuss the assessment of New Zealand’s measures to combat money laundering and terrorist financing. They will also discuss the impact of Covid on the assessments that remain to be completed in the current cycle. — TNS