Pakistan to remain in Grey list

In the online meeting of the Financial Action Task Force (FATF) in Paris, Pakistan has been re-stamped after being placed in the grey list. In a statement released on Thursday evening, FATF reported that the Pakistani government had failed to fulfill three of the 27 point agenda against terrorism. The FATF also said that Pakistan has not taken any concrete action against the banned UN terrorists.

No action against militants
The FATF states that Pakistan should effectively implement financial sanctions against all 1267 and 1373 designated terrorists. FATF also said that Pakistan should continue to work on implementing the remaining three points in its action plan to address its strategically important shortcomings.

The FATF discussed the important progress made by Pakistan on the entire action plan. But Pakistan met 24 out of 27 criteria. The deadline to implement the action plan on his behalf was now over. The FATF has once again asked Pakistan to meet all the criteria before June 2021.

The Paris-based Financial Task Force (FATF) placed Pakistan in the 'grry list' in June 2018 and asked Islamabad to implement an action plan to curb money laundering and terrorism financing by the end of 2019. However, this deadline was later extended due to the Covid.

Pakistan was once again not out of the FATF grey list of the Financial Action Task Force (FATF). The FATF was told that the Pakistani government has failed to fulfill three of the 27 point agenda against terrorism. The FATF said that Pakistan would have to work towards the implementation of financial sanctions against all 1267 and 1373 designated terrorists. Along with this, the FATF also said that Pakistan has not taken any concrete action against the banned terrorists of the United Nations.