The Financial Action Task Force (FATF) delegation has left Pakistan with 10 ways to counter money laundering and terrorism financing.
In a statement released on October 19, the FATF said it will continue to work with the country and report on the progress made in addressing the identified deficiencies.
It “encouraged” Pakistan to consider its list of ways to curb money laundering and terrorism financing. Here’s what it wants us to do:
The FATF placed Pakistan on its grey list in June for not doing enough to fight money laundering and terrorism financing. A delegation of the international watchdog spent two weeks in Pakistan and held several high-level meetings with officials to discuss ways for it to get off the grey list and avoid being placed on the black list.