Indicating status quo of being on FATF s grey list , the global body against money laundering and terror financing on Thursday said Pakistan will continue to remain on increased monitoring list as there are serious deficiencies in checking terror financing and the country lacks an effective system to deal with it. After its meeting, Marcus Pleyer, president of Paris-based Financial Action Task Force (FATF), said the deadline given to Pakistan has already expired and asked Islamabad to address their concerns as quickly as possible . To date, Pakistan has made progress across all action plan items and has now largely addressed 24 of the 27 action items. As all action plan deadlines have expired, Pleyer said in Paris at the end of its plenary session.
Tourists enjoy snow rides in J&K’s Sonamarg on Wednesday
India countered a three-pronged attack at the ongoing session of UN Human Rights Council on Jammu & Kashmir as it slammed remarks made separately by Pakistan, OIC and Turkey and reiterated that both Union Territories, J&K and Ladakh, are an integral and inalienable part of India.
Exercising its right of reply, India rejected the “factually incorrect and unwarranted” references by OIC, saying it regretted that OIC countries continued to allow Pakistan to misuse their platform to indulge in anti-India propaganda. On Turkey’s mention of Kashmir and UN resolutions, India said it’s ironical for a country which has “trampled upon its own civil society” to pass unjustified comments on other’s internal matters. It also asked Turkey to first follow what it preached by accepting the UN resolutions on, without naming it, the Cyprus dispute.
Pakistan was put on grey list of the FATF, the terror-financing watchdog in 2018. Prime Minister Imran Khan-led government has been under pressure to save Pakistan from being blacklisted over terror financing and money laundering.
FATF keeps Pakistan in grey list, cites serious deficiency in checking terror financing
FATF keeps Pakistan in grey list, cites serious deficiency in checking terror financing
The Financial Action Task Force (FATF) on Thursday said that Pakistan will remain on its grey list as it failed to fulfil three key tasks set out in its anti-terror financing action plan.
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The Paris-based FATF had placed Pakistan on the grey list in June 2018. (Photo: Reuters)
Global terror watchdog Financial Action Task Force (FATF) on Thursday announced that Pakistan will continue to remain on its grey list due to failure to comply with all the points of a plan of action set by it to combat terror financing.
There is serious deficiency by Pakistan in checking terror financing, the watchdog said. (File)
New Delhi:
Indicating status quo of being on the Financial Action Task Force (FATF) grey list , the global body against money laundering and terror financing on Thursday said Pakistan will continue to remain on increased monitoring list as there are serious deficiencies in checking terror financing and the country lacks an effective system to deal with it.
After its meeting, Marcus Pleyer, president of the Paris-based FATF, said the deadline given to Pakistan has already expired and asked Islamabad to address their concerns as quickly as possible .