Pakistan again remains in ‘Grey List’, June deadline to implement action plan
Islamabad : Pakistan was retained in the “grey list” of Financial Action Task Force (FATF), which examined its efforts to counter terror financing and money laundering. The decision was taken at the meeting of the multilateral watchdog on Thursday.
FATF chief Marcus Pleier said that Pakistan would remain under surveillance. There are still many serious flaws regarding Terror Financing, although Pakistan has taken many important steps and out of 27 action points, 3 important points remain.
In the FATF meeting in October last year, Pakistan was retained in the gray list. At the FATF plenary, Turkey then proposed that instead of waiting for the remaining 6 of the 27 criteria to be met, members should consider the good work of Pakistan. It was also said on its part that a FATF on-site team should visit Pakistan to finalize its evaluation. This time Pak could not meet 3 criteria.
The FATF today 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.