US asks Pakistan to keep working with Financial Action Task Force to 'swiftly complete' its action plan
Islamabad was asked to implement a plan of action to curb money laundering and terror financing by the end of 2019, but the deadline was later extended.
The scheduled assessment for the country by the Paris-headquartered watchdog was originally slated for September-October, 2020.
The Mutual Legal Assistance (Criminal Matters) Amendment Bill was passed by the Senate, the upper house, on Friday amidst protest by the Opposition.
Pakistan will continue to remain on the "increased monitoring list", FATF president Marcus Pleyer said on June 25 after the decision had been taken at the conclusion of the FATF's virtual plenary.
The defence minister said India, as a member of the Financial Action Task Force (FATF), remained committed to combating financing terrorism.
FATF's regional body retains Pakistan on 'enhanced follow-up' for sufficient outstanding requirements
The country is 'partially compliant' with seven recommendations and 'non-compliant' with two out of a total 40 recommendations.
Pakistan was put on the grey list by the Paris-based Financial Action Task Force (FATF), the global watchdog for money laundering and terror financing in June 2018.
The routine process of evaluation of India's established mechanism against financial crimes by the FATF is likely to be carried out later this year, a government official privy to the matter said.