Pakistan Escapes Terror-Finance Blacklist as FATF Cites Progress
- Pakistan largely addressed 14 of 27 action items: statement
- Nation on grey list since 2018 over compliance deficiencies
Photographer: Asif Hassan/AFP via Getty Images
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Pakistan has escaped being placed on a global financial blacklist after making sufficient progress toward improving its controls on money laundering and terrorist financing.
The Financial Action Task Force urged the nation to swiftly complete its full action plan by June, following a week-long meeting of the group in Paris. Pakistan has largely completed 14 of 27 items, with varying levels of progress made on the rest of the plan, the FATF said in a statement. At the last review in October, Pakistan had completed five items.