Recents in Beach

Pakistan continues to be in FATF 'grey list

Pakistan continues to be in FATF 'grey list




The global anti-terror financing  watchdog which is the financial action  task force or the fatf has decided to  retain pakistan in its gray list for  failing to adequately investigate  and prosecute senior leaders and  commanders of u.n designated terror  groups  the decision was announced at the  conclusion of the multilateral watchdogs  five-day virtual  plenary meeting under german presidency  of marcus player  player further highlighted what is  expected from pakistan in the next  plenary which is scheduled to take place  from 17th  to 22nd october this year  well this remains to be seen pakistan  now  knows exactly what is expected  from a from from from them  so there is this remaining action item  on the one action plan that is  concentrating on  counter-terrorism financing but as i  just said there is a  new action plan with remaining  deficiencies and actions that pakistan  must now complete and we will closely  cooperate and closely observe  the progress and i'm very thankful to  the commitment of the  pakistani government to do so and then  in four months time we will  look again on the progress the financial  action task force in an announcement  said and i quote  the fatf encourages pakistan to continue  to make progress to address as soon as  possible the one remaining  counter-terrorist financing related  item by demonstrating that terrorist  financing investigations and  prosecutions  target senior leaders and commanders of  u.n designated  terrorist groups unquote fatf further  noted that pakistan  had completed all but one of the 27  items in the action plan drawn up  for the country to tackle money  laundering and terror financing  incidentally the announcement by the  fatf comes a day after  india's national security adviser ajit  dobal  pidged for an action plan against  pakistan-based terror groups  lashkar-e-taiba and jaish-8 muhammad  in recent months pakistan has been  scrambling to avoid being added to a  list of  countries deemed non-compliant with  anti-money laundering and terrorist  financing regulations by the global  watchdog  however in june 2018 pakistan was placed  on the gray list  and islamabad was asked to implement a  27 point  action plan to curb money laundering and  terror financing  by the end of 2019 however till today  pakistan has failed to comply with all  the proposals until today  pakistan remains on the fatf  graylist.

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