On October 21st, 2021, the FATF Plenary deliberated upon Pakistan’s progress in achieving deliverables under the 27-Point Action Plan (2018) and a consequent 7-Point Action Plan (2021). The Plenary found Pakistan compliant with 26 out of the 27 Points on the 2018 Action Plan, mainly targeting terrorism financing, while Pakistan had further achieved 4 out of 7 Points from the 2021 Action Plan, handed to the government only in the previous Plenary in June. This brings Pakistan’s compliance to 30 out of 34 Action Plan Points combined.
The Government of Pakistan must fulfill all FATF Requirements and achieve all the points within the Action Plans. The FATF commended Pakistan in its monumental effort to enhance its compliance, particularly with regards to the 2021 Action Plan. However, until all objectives are achieved, Pakistan continues to be retained under “Jurisdictions under Increased Monitoring” – or the FATF ‘grey-list.’
RSIL’s previous work on FATF:
- Measuring Pakistan’s Technical Compliance with FATF Recommendations
- Analyzing Pakistan’s Compliance on the FATF Action Plan
- Mapping Pakistan’s Compliance with FATF Recommendations
Team: Noor Fatima Iftikhar
