Pakistan's case not taken up at FATF meeting: FO.

ISLAMABAD -- The Foreign Office on Friday said that Pakistan's case was not taken up at the Financial Action Task Force (FATF) meeting held earlier this week and it would continue to be on its 'grey list' till October.

'The agenda of FATF's virtual plenary meeting, held on 24 June 2020, did not include Pakistan. In this virtual plenary meeting, no new decision regarding Pakistan was made,' the FO said in a statement.

Therefore, the decisions taken at the FATF's plenary held in February would remain in effect, it said.

Pakistan was at the last plenary given a six-month extension (till June 2020) on the grey list for meeting the remaining requirements of its action plan with a warning that action would be taken against it if it did not show 'significant and sustainable progress especially in prosecuting and penalising terrorism financing cases'.

Pakistan has been on the grey list since June 2018. The grey list comprises countries being monitored by the illicit financing watchdog for weaknesses in their anti-money laundering and counter-terrorism financing regimes.

Country will continue to be on grey list till October

Pakistan's case was not discussed at the Paris meeting because of a decision taken by FATF on April 28 to suspend the ICRG (International CoopeAration Review Group) review process for the countries on the grey list.

Evaluation of Pakistan's progress on the FATF Action Plan would now be made in the next plenary cycle beginning in October. The next cycle would have a new president. China led FATF from Oct 2019 to June 2020.

'Pakistan remains committed to completing its FATF Action Plan and continues to make progress,' the FO said.

This situation was, however...