Pak risks FATF blacklisting as it continues to abate terrorism: Report ANI | Updated: Jan 22, 2021 07:43 IST
Islamabad [Pakistan], January 22 (ANI): Pakistan might be pushed into the Financial Action Task Force s (FATF) black list next month as it continues to finance and tolerate terrorist organisations, Greek City Times reported.
Terrorist organisations, such as Jamaar-ud-Dawa (JuD) and Jaish-e-Muhammed (JeM), continue to operate with impunity in Pakistan.
The FATF blacklist is a list of countries that the intra-governmental organisation considers non-cooperative in the global effort to combat money laundering and the financing of terrorism >terrorism.
The global watchdog will consider Pakistan greylist status, meant for countries under increased monitoring during a meeting next month. The country was placed on the grey-list in 2018.
Pakistan Faces Risk of Being Added to FATF ‘Black List’: Report
Pakistan might be pushed into the Financial Action Task Force (FATF) “black list” next month as it continues to finance and tolerate terrorist organizations and their activities despite the October 2020 warning, Greek City Times reported.
The report says that terrorist organizations, such as Jamaat-ud-Dawa (JuD) and Jaish-e-Muhammed (JeM), continue to operate with impunity in Pakistan.
The FATF grey list is a list of countries that the organization considers non-cooperative in the global effort to combat money laundering and the financing of terrorism.
Quoted by Greek City Times, FATF president Marcus Pleyer said during October’s review that there were “very serious deficiencies” in Pakistan’s efforts to counter terrorist financing and gave the country until the February 19-21 Plenary to resolve these issues as they cannot wait “forever.”
Terrorist organisations, such as Jamaar-ud-Dawa (JuD) and Jaish-e-Muhammed (JeM), continue to operate with impunity in Pakistan.
The FATF blacklist is a list of countries that the intra-governmental organisation considers non-cooperative in the global effort to combat money laundering and the financing of terrorism.
The global watchdog will consider Pakistan greylist status, meant for countries under increased monitoring during a meeting next month. The country was placed on the grey-list in 2018.
FATF President Marcus Pleyer said during October s review meeting in 2020 that there were very serious deficiencies in Pakistan s efforts to counter terrorist financing and gave the country until the February 19-21 Plenary to resolve these issues as they cannot wait forever , Greek City Times reported.
Pak at risk of being pushed into FATF blacklist: Report parisguardian.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from parisguardian.com Daily Mail and Mail on Sunday newspapers.
Pakistan continues to turn a blind eye to terrorism financing despite FATF’s February deadline
Sun Online Desk
22nd January, 2021 05:39:16
It is expected that Pakistan will remain on the Financial Action Task Force (FATF) grey list during next month’s Plenary to assess the country’s progress in curbing the financing of terrorist organisations.
FATF president Marcus Pleyer said during October’s review that there were “very serious deficiencies” in Pakistan’s efforts to counter terrorist financing and gave the country until the February 19-21 Plenary to resolve these issues as they cannot wait “forever.”
“As long as we see that the country is progressing with the action items, and we have seen progress with Pakistan, we give them a chance to repair the outstanding issues, but we don’t do this forever,” Pleyer said.