FATF to decide Pakistan’s fate on Thursday

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ISLAMABAD: The Financial Action Task Force (FATF), global body for anti-money laundering and terror-financing, will decide on Thursday whether to keep Pakistan on the grey list. At the last meeting in June, the FATF had put some additional conditions for Pakistan to meet.

The FATF kept Pakistan on the grey list in June, though it had met 26 out of 27 conditions. It also added six new points while keeping it as a jurisdiction with strategic deficiencies in measures to combat money laundering and terror-financing.