File photo. Photograph:( ANI )
Two months after Pakistan was placed on the Financial Action Task Force's (FATF's) "grey list", a delegation from the FATF has decided to visit the country to review the progress made for countering terrorism, sources said.
The delegation from the Anti-terror Financing body is set to visit Pakistan on August 13 to monitor Pakistan's terror finance list.
Pakistan was placed on the FATF list at FATF Plenary session that met in Paris from June 24 to 29 after reviewing the monitoring report of the International Cooperation Review Group (ICRG).
Pakistan was placed on the grey list for failing to curb anti-terror financing despite Islamabad submitting a 26-point action plan and launching a concerted diplomatic effort to avert the decision.
Following the placement of the country in the FATF list, Pakistan has assured the Financial Action Task Force to implement an action plan and accomplish the objectives of properly identifying, assessing and supervising the removal of terrorism financing risks on a risk-sensitive basis.
The FATF is an inter-governmental body established in 1989 to combat money laundering, terrorist financing and other related threats to the integrity of the international financial system.
It maintains a grey and blacklist for identifying countries that have weak measures to counter and combat money laundering and terror financing.
Pakistan is the ninth country to be placed on the Paris-based Financial Action Task Force's (FATF's) "grey list", the other eight being Ethiopia, Serbia, Sri Lanka, Syria, Trinidad and Tobago, Tunisia and Yemen.