To exit FATF list, Pak looks to US

Islamabad, January 20

Pakistan has urged the US to support its bid to exit from the FATF’s grey list ahead of a meeting of the international terror financing watchdog in which it will scrutinise Islamabad’s efforts to adopt stricter laws against terror financing and money laundering.

A Pakistani delegation , led by Minister for Economic Affairs Division Hammad Azhar, arrived in Beijing on Sunday for the three-day talks with the Financial Action Task Force that would start on January 21. The briefing will go over whether Pakistan has complied with an earlier agenda presented to it by the Paris-based financial task force, The News reported.

The FATF in October decided to keep Pakistan on its grey list for failure to curb funnelling of funds to terror groups LeT, JeM and others. If not removed off the list by April, Pakistan may move to blacklist of the countries that face severe economic sanctions, such as Iran. — PTI