Pakistani minister, officials lobbying in Beijing to get off FATF grey list

Islamabad's best chance is to get 'largely-compliant' rating on curbing terror financing.

A team of Pakistani officials is in Beijing to lobby for the country’s exit from the grey list of the global money-laundering watchdog, the Financial Action Task Force (FATF), amid the possibility that the move could entail voting. FATF meetings begin on January 21.

Islamabad’s best-case scenario is that if it does not get certification that it has done enough to curb money-laundering and terror financing, then it manages a ‘largely-compliant’ rating from the FATF on the basis of Islamabad’s implementation of 27 recommendations in its Action Plan and gets more time from the watchdog for full compliance.

“India is trying hard