Pakistan needs legislation to meet three outstanding FATF benchmarks: Report
The Hindu
Pakistan will have to make further legislation on at least two counts to meet three outstanding benchmarks of the 27-point action plan of the global money laundering and terrorist financing watchdog FATF before the new June deadline, a media report said on Tuesday.
The Paris-based Financial Action Task Force (FATF) placed Pakistan on the grey list in June 2018 and asked Islamabad to implement a plan of action to curb money laundering and terror financing by the end of 2019 but the deadline was extended later on due to COVID-19 pandemic. The new deadline was set by the FATF last month.
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