Pakistan govt to set new rules to meet FATF demands

Pakistan, in order to exit from the grey list of the FATF, is set to introduce new rules relating to money laundering and terror financing cases, a media report said.

Pakistan, keen to exit from the grey list of the FATF, is set to introduce new rules relating to anti-money laundering cases and change the prosecution process to meet its remaining tough conditions, a media report said on Monday. Pakistan was put on the grey list by the Paris-based Financial Action Task Force (FATF), the global watchdog for money laundering and terror financing in June 2018 and the country has been struggling to come out of it.