The Financial Action Task Force (FATF) announced that it will pause the review process for high-risk jurisdictions (aka “grey list” countries) by an additional four months. Earlier this month, FATF extended the deadline until October for Pakistan (due for review in June) to implement its action plan.
FATF also posted a new schedule for regular mutual evaluations.
FATF continues, however, to state that it “will not let up on its efforts to fight money laundering, terrorist financing and proliferation financing” despite the delays.
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