New Delhi: Pakistan will remain in the ‘gray list’ of the financial action assignment unit (FATF) until the global financing watchdog meets again in April 2022.
Fatf-based Paris made a decision on Thursday on the conclusion of the three days of the plenary session.
Pakistan was placed on the gray list by FATF in June 2018 for failing to check money laundering, which leads to terror financing.
FATF has given Islamabad a 27-point action plan that must be completed in October 2019.
Six more points added later.
The terror group, the State continued to be on the gray list because of his failure to comply with four action points, including: to investigate and demand senior leaders and commanders of appointed terror groups, including Hafiz Saeed and Masood Azhar.
Masood was involved in the 2008 Mumbai terror attack, Pathankot 2016 attacks, and the 2019 Pulwama attack.
After the announcement by Fatf in June 2021, guarding Pakistan on the gray list, Islamabad said the last action point would be implemented in “3-4 months”.
The latest US Congress reports on terrorism and other militant groups in Pakistan “, said that at least 12 groups appointed as” foreign terrorist organizations “by the US were based on Pakistan, including five based in India.
In accordance with US administration, Islamabad continues to remain Basic operation for many non-country militant groups, many with global reach.
Financial assistance in Riskwith in advanced Pakistan in the gray list, is increasingly difficult for the country to get financial assistance from the International Monetary Fund (IMF), the World Bank, Asian Development Bank ( ADB) and further increase the problem.
For the country.
Pakistan has so far avoided being on the blacklist with the help of China, Turkey and Malaysia.
Fatf is an inter-government body established in 1989 to fight money laundering, terrorist financing and other related threats to integrity International financial system.
FATF currently has 39 members, terms Asuk two regional organizations: European Commission and the Gulf Cooperation Council.
India is a member of the FATF consultation and its Asia Pacific group.
Who is on the list? In 2019, Fatf had a black Korean and Iran’s blacklist over terror financing.
Jordan, Mali, Turkey, Bahamas, Cambodia, Ethiopia, Ghana, Pakistan, Panama, Sri Lanka, Syria, Trinidad and Tobago, Tunisia and Yemen are on the gray list.
Mauritius and Botswana were removed from the gray list on Thursday.
Pakistan to continue to use ‘List of Gray’ Fatf, New Turkey
