OSINT Report: FATF Review in June- Possible Impact on Pak Elections

As part of its on-going review of compliance with the Anti money laundering (AML)/Combating Financing Terrorism (AML/CFT) standards, the Financial Action Task Force (FATF) identified a number of jurisdictions (countries) that have strategic AML/CFT deficiencies for which they have developed an action plan in February.  Pakistan was one of the entities. As is commonly known now, placing Pakistan in the Grey list sponsored by the United States, France and Germany was not agreed upon by a number of countries including Saudi Arabia, China, Turkey and Russia. Three countries can object to placing a country on the Grey List and Pakistan seemed to have mustered enough support. Thus Pakistan escaped being named in the List. However this relief was apparently temporary as the country will come up for a review in the meeting of the FATF in June after it submits information in May this year. While financial implications of the proposal of placing Pakistan on the Grey List have been explored in various news reports over a period a major impact this is likely to be in the internal political space in Pakistan which needs consideration.............

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Helpline 1090