FATF to Decide Pakistan’s Grey List Status This Week

The Global Cooperation Review Group of the Financial Action Task Force (FATF) will meet in Berlin, Germany, between 14 and 17 June. Pakistan’s minister for foreign affairs will represent her country at the global watchdog’s scheduled plenary session. There is renewed optimism that the entire conference will end well.

The final plenary of the Financial Action Task Force’s (FATF) annual meeting will be held in Berlin, with many in-person attendees. During the four-day meet-up, delegates will address critical topics, including how to prevent money laundering through the real estate sector.

Pakistan’s economy suffered a loss of $38 billion for being on the grey list. It was removed from the list in 2009 and was back on it for four consecutive years. Pakistan has primarily addressed 24 of 27 items on its action plan to get off the list.

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