Diplomatic efforts fail as FATF decides to keep Pakistan on 'grey list'

INSUBCONTINENT EXCLUSIVE:
Diplomatic efforts fail as FATF decides to keep Pakistan on 'grey list'PARIS: The Financial Action Task Force
combat money laundering, terrorist financing and to eliminate the terrorism from its soil
to implement the FATF counter-terrorist financing operational plan adopted in February this year, the Securities and Exchange Commission of
interim finance minister said that the ministry has improved institutional mechanisms for handling anti-money laundering and countering
financing terrorism issues
Coordination between the State Bank, Banking institutions and law enforcement agencies has also been strengthened to curb money laundering
and terror financing, she added.The FATF is an inter-governmental body established in 1989 to combat money laundering, terrorist financing
and other related threats to the integrity of the international financial system.Pakistan was previously on the grey list from 2012 to 2015.