PARIS -- A global anti-corruption body Friday (October 18) warned that Pakistan could join a blacklist of nations failing to fight money laundering and terror financing unless it changed course within four months.
"Despite a high level commitment by Pakistan to fix these weaknesses, Pakistan has not made enough progress," Xiangmin Liu, president of the Financial Action Task Force (FATF), said in Paris.
"If by February 2020 the country has not made significant progress, we will consider further actions which potentially could include placing the country... on the blacklist," he said.
Pakistan has been on the FATF's so-called grey list since 2018, when it agreed to an "action list" of 27 measures to curb illicit money transfers used by terror groups operating in the country.
