PARIS, 17 February 2020, TON: The Financial Action Task Force (FATF) plenary and working group meetings will run from 16^th February till 21^st February 2020 in Paris. Attended by more than 800 representatives from 205 countries and jurisdictions around the world, the meetings are expected to bring some positive change in the financial systems. The issues under consideration by the FATF watchdog will discuss global money laundering and terror financing as well as progresses made by countries that the FATF claim are a risk to the financial system. The sponsors include IMF, UN, World Bank and other organizations. 

Reportedly, Pakistan's crucial Financial Action Task Force (FATF) plenary decided to keep Pakistan in the FATF's 'Grey List'. If we recall, FATF had put Pakistan on its grey list in June 2017 because of deficiencies in the country’s Anti-Money Laundering and Countering of Terrorist Financing regulations. Last meeting of FATF was held from 13 to 18 October 2018 which announced that only five of 27 action items and gave Pakistan time till February 2020 to fully implement the FATF’s 27-point action plan. Only two countries, North Korea and Iran, are on the FATF blacklist.