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Pakistan to stay on terror financing watchdog’s ‘grey list’

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Al-Araby

An international watchdog said on Friday it will keep Pakistan on a so-called “grey list” of countries that do not take full measures to combat money laundering and terror financing but raised hopes that its removal would follow an upcoming visit to Islamabad to determine its progress. The announcement by Marcus Pleyer, the president of the Financial Action Task Force, was a blow to Pakistan’s newly elected government, which believes that it has mostly complied with the tasks set by the organisation. Expectations had been high in Pakistan that the FATF would announce its removal from the list …

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