PAKISTAN AVOIDS FATF ‘BLACK LIST,’ GETS STERN WARNING AND HAS UNTIL FEBRUARY TO GET THINGS RIGHT

On 18th October, Deutsche Welle reported on an outcome of the FATF Plenary in Paris.  It reports that FATF has decided not to place Pakistan in its “black list,” for now; but Pakistan has been given 4 months to prove it is fighting terror financing.  A statement said that FATF strongly urges Pakistan to swiftly complete its full action plan by February 2020 and otherwise, should significant and sustainable progress not be made across the full range of its action plan by the next Plenary, the FATF will take action.  The FATF grey list which features Pakistan also has on it Ethiopia, Yemen, Iraq, Syria, Serbia, Sri Lanka, Trinidad and Tobago, Vanuatu and Tunisia.

https://www.dw.com/en/pakistan-avoids-fatf-black-list-gets-stern-warning/a-50870561

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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