The Financial Action Task Force (FATF) is going to disclose the result of its three-day plenary today, deciding whether Pakistan remains on the grey list or not. Pakistan has been on the its’s grey list, for shortcomings in its anti-money laundering regimes and counter-terror financing since June 2018. ‘The FATF will finalise key reports, including the revised guidance on virtual assets and their service providers and discuss next steps to strengthen its standards on transparency of beneficial ownership,’ FATF’s website stated.
