IN THE GREY LIST – FEB 28, 2008

• FAILED TO MEET INTERNATIONAL ANTI-MONEY LAUNDERING (AML) STANDARDS
• FAILED TO COMBAT FINANCING OF TERRORISM (CFT)

OUT OF THE GREY LIST – JUNE 25, 2010

• MET AML/CFT COMBAT STANDARDS
• ENACTED A PERMANENT ANTI-MONEY LAUNDERING LAW

IN THE GREY LIST – FEB 16, 2012

• NOT FULLY COMPLIANT ON AML AND CFT COMBATING STANDARDS

OUT OF THE GREY LIST – FEB 26, 2015

• MET AML/CFT COMBAT STANDARDS
• ESTABLISHED LEGAL NETWORK
• ESTABLISHED REGULATORY FRAMEWORK
• HOPE – WILL MEET THE FATF STANDARDS

IN THE GREY LIST – JUNE 28, 2018

• FAILED IN CFT STANDARDS
• FAILED TO ACT AGAINST TERROR FINANCING IN PAKISTAN
• FATF – DEFICIENCIES IN PAK ACTION PLAN
• JUNE 2018 – 27 ITEMS ACTION PLAN GIVEN TO IMPLEMENT ON CFT
• OCT 2021 – 7 MORE ITEMS ADDED – ON AML
• SO FAR – 7 TIMES – WHEN FATF DECIDED THE GREY LIST WILL CONTINUE

MEANWHILE

• PAKISTAN HAD TO AMEND AML REGULATIONS
• HAD TO PASS 10 FATF RELATED BILLS IN COUNTRY’S PARLIAMENT

FATF PLENARY – JUNE 14-17, 2022

• BERLIN – PAKISTAN MET ALL 34 ITEMS ON ACTION PLAN
• FATF TO VISIT PAKISTAN TO VERIFY IMPLEMENTATION
• FATF TO SCRUTINIZE AML AND CFT MEASURES BEING ADOPTED
• TO SEE IF NECESSARY POLITICAL COMMITMENTS REMAIN IN PLACE

FATF PLENARY SESSION – 16-21 OCT, 2022

• PARIS – DECISION IF PAKISTAN IS TO BE TAKEN OUT OF THE GREY LIST