The Financial Action Task Force (FATF) will keep Pakistan on the grey list despite meeting all 27 points of FATF. The decision to keep Pakistan on the grey list was proposed by the global anti-money laundering watchdog.
The President of FATF Marcus Pleyer stated that Pakistan has successfully addressed 30 out of 34 points of FATF against money laundering. Pakistan was added to the grey list with 27 points to address, but during the previous FATF meeting, Pakistan was given 7 more action plans, making a total number of 34 points of FATF.
FATF also added Turkey to its grey list on Thursday. The decision was announced after the three days meeting of FATF to discuss progress against money laundering and terror financing.
Rumours were circulating past week as Turkey had been facing the threat of greylisting by the FATF. According to FATF, Turkey has been added to the grey list, with Mali and Jordan. These countries have reached an action plan with the watchdog.
This year in July, Indian Foreign Minister Subrahmanyam Jaishankar claimed “due to Modi government’s effort, Pakistan is in FATF grey list”, and admitted that FATF is a political tool being used against Pakistan.