How UN Designated Terror Groups Generate Funds in ‘FATF’ Greylisted Pakistan.
Sun Online Desk
17th February, 2021 09:27:49
It is February Pakistan will again be making a pitch for removal from the ignominious Grey List of the Financial Action Task Force (FATF).
In 2018, the country was placed in the list of “jurisdictions under increased monitoring”, more popularly known as the Grey List and was given an Action Plan comprising 27 Action Items for compliance pertaining to prosecutions, money laundering, terrorism financing, and targeted financial sanctions to choke the flow of funds to designated terrorist organizations, terrorists and their associates.
Some of these required Pakistan to make legislative and procedural changes while others required it to show demonstrative action against these entities.