Pakistan: Fulfilling Requirements for Exit FATF Grey List

The Financial Action Task Force (FATF) had taken the decision to put Pakistan on “grey list” in June 2018 and urged Islamabad implement Plan Combating Money Laundering Terrorist Financing by end of 2019. However, deadline was extended due Islamabad’s failure comply with several requirements Covid‑19 pandemic. Most stated that place terror financing watchlist as being politically motivated. During this period, adopted a number legislative acts order limit activity groups banned UN Security Council country end, FATF underlined necessity addresses strategic deficiencies Pakistan’s anti-money laundering counterterrorism regime. during period acts; required regulatory documents Central Bank; law enforcement agencies federal army conducted military special operations eliminate terrorists, etc. implementation revealed contradictions within ruling coalition, between Prime Minister Imran Khan political opposition (2018–April 2022), establishment Pakistani authorities. Global Monitoring Service confirmed 2022 fully complied all basic procedural its action plans for 2021. In October has decided consensus completed substantial, technical both 2021 Plans. As result, been out list”.