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'Is FATF a political forum or technical,' asks FM Qureshi after Pakistan retained on grey list


‘Is FATF a political forum or technical,’ asks FM Qureshi after Pakistan retained on grey list
Foreign Minister Shah Mahmood Qureshi. File photo
ISLAMABAD: Pakistan on Saturday criticized the Financial Action Task Force (FATF) after it retained the country on its grey list despite completing the work on 26 out of 27 points of the action plan given in 2018.
Foreign Minister Shah Mahmood Qureshi, in a statement, questioned the decision of the FATF, saying “it is to be determined whether FATF is a political forum or a technical one and whether it is being used to achieve political objectives.
The FATF, after a five-day plenary meeting, appreciated on Friday Pakistan s progress and efforts to address items on its country action plan and announced to keep the country on its grey list till it addressed the one remaining CFT-related item . It has also handed the government six new anti-money laundering areas to work on. ....

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