Pakistan will remain in FATF’s ‘grey’ list till February 2021 as it has failed to fulfil six key obligations of the global money laundering and terrorist financing watchdog that include failure to take action against two of India’s most wanted terrorists: Maulana Masood Azhar and Hafiz Saeed.
“Pakistan needs to do more on checking terror funding,” FATF president Marcus Pleyer said, adding that the country must “impose sanction and prosecute those involved in terror financing”.
Pakistan, which has not met six of the 27 points it had to fulfill, “needs to do more”, the Financial Action Task Force (FATF) said, according to sources. It said an on-site visit by the FATF would only be done once Islamabad fulfills all conditions and only then Pakistan will have the curbs lifted.
“Pakistan has completed 21 out of 27 items. It means that the world has become safer but six deficiencies need to be repaired. We give them a chance to repair their progress and if not then a country will be pushed to the blacklist,” the FATF said.
Pakistan was placed on the Paris based body’s grey list in June 2018 and given an action plan to implement. It has been two years and Islamabad continue to remain on the list since it failed to implement the action plan.
The FATF began its three-day virtual plenary meeting on October 21 (Wednesday) in which it reviewed Pakistan’s performance in implementation of the action plan recommended by it to choke channels of funding to the terror groups operating from the country.
India on October 22 (Thursday) had reiterated that Islamabad has not taken any action on terrorist it has been providing safe havens.
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