Islamabad: After an on-site assessment of the steps taken by Pakistan to curb terror financing and money laundering, a visiting Financial Action Task Force (FATF) team has finalised a report with 40 recommendations for de-listing Islamabad from its grey list from September next year, according to a media report Friday. Currently placed on the FATF’s ‘grey list’, Pakistan has been scrambling in recent months to avoid being added to a list of countries deemed non-compliant with anti-money laundering and terrorist financing regulations by the Paris-based FATF, a measure that officials here fear could further hurt its economy.

A nine-member team of the FATF’s Asia-Pacific Group (APG) arrived here on October 8 to review the measures as promised by Pakistan in June to tackle the concerns about money laundering and terror financing. Dawn reported that AGP suggested measures in its report after the on-site assessment of prevailing legal and institutional framework during its 11 days of engagement with stakeholders, to curb terror financing and money laundering in Pak. A source told Dawn that the report which is termed “Exit Report” will be submitted formally to the government on Friday.