In June 2018, the Financial Action Task Force (FATF) placed Pakistan on the ‘grey list’ of jurisdictions under increased monitoring. Since then, it has been presented with multiple recommendations for compliance. Owing to Pakistan’s failure in fully implementing all the action points, it was once again retained on the ‘grey list’ following the conclusion of the latest FATF plenary on October 21, 2021. Pakistan was first put on the list in 2008, removed in 2009 and then again remained under increased monitoring from 2012 to 2015. (Read More)
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