Pakistan Escapes Terror-Financing Blacklist
- FATF says Pakistan only addressed five of 27 action items
- Nation on gray list since last year, failed two past deadlines
Photographer: Arif Ali/AFP via Getty Images
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Pakistan has made just enough progress on global anti-money laundering and counter-terrorism financing standards to escape being placed on a blacklist by the Paris-based Financial Action Task Force.
Pakistan has been asked to swiftly complete its full action plan by February 2020 and failure to do so can lead to a downgrade to the blacklist, FATF President Xiangmin Liu said at a briefing Friday at the end of its plenary meeting in Paris. Pakistan has only largely addressed five of 27 action items, with varying levels of progress made on the rest of the action plan, according to a statement.