Pakistan to remain on grey list of terror financing watchdog FATF | News – Times of India Videos

Oct 23, 2020, 08:07PM ISTSource: Times Now

Pakistan will remain on the grey list of the Financial Action Task Force (FATF) as it has not been able to fulfil key obligations of the global watchdog. The Paris-based watchdog for curbing terror financing and money laundering decided to keep the country in its grey list during its 3-day virtual plenary session. The FATF said it took note of the significant progress made on a number of action plan items made by Pakistan. “To date, Pakistan has made progress across all action plan items and has now largely addressed 21 of the 27 action items. As all action plan deadlines have expired, the FATF strongly urges Pakistan to swiftly complete its full action plan by February 2021,” it said in a statement. The FATF had placed Pakistan on the grey list in June 2018 and asked Islamabad to implement a plan of action to curb money laundering and terror financing by the end of 2019, but the deadline was extended later on due to Covid-19 pandemic. Earlier, a report had said that Pakistan failed to comply with six of the 27 points in the global watchdog’s action plan. The report said that Pakistan failed to take action against two of India’s most wanted terrorists – Maulana Masood Azhar and Hafiz Saeed. It added that names of over 4,000 terrorists had suddenly disappeared from its official list.


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