ISLAMABAD, Oct 16: The Financial Action Task Force (FATF) has decided, in principle, to keep Pakistan in its Grey List till February 2020, directing Islamabad to take extra measures for complete elimination of terror financing and money laundering, according to media reports today.
The FATF is an inter-governmental body established in 1989 to combat money laundering, terrorist financing and other related threats to the integrity of the international financial system.
In a meeting in Paris on Tuesday, the FATF reviewed the measures that Pakistan has already taken to control money laundering and terror financing, reported Dawn News.
The Paris-based task force has urged Pakistan to take extra measures for complete elimination of terror financing.
The FATF will take a final decision on Pakistan’s position in February 2020.(Agencies)
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