Pakistan will stay on Financial Action Task Force (FATF) "Grey List". The FATF on Thursday said that Pakistan would remain under "increased monitoring" when it comes to terror financing and money-laundering cases. The FATF meeting began on Monday.
Pakistan to Remain in FATF Grey List, Asked to Target Financial Sanctions Against UN Designated Terrorists
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In what is being seen as a major setback to Pakistan, Financial Action Task Force (FATF) in its plenary held in Paris, which concluded on February 25, has decided to keep Pakistan in the grey List of the top anti-money laundering and terror financing global watchdog.
Dr Marcus Pleyer, President of the FATF, while interacting with the media-persons, said, “Pakistan remains under increased monitoring. The FATF recognises that Pakistan has made significant progress in its efforts to improve its anti money-laundering and counter-terrorism financing framework.”
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Pleyer said Pakistan continues to remain on the increased monitoring list , another name for the Grey List .
He said the courts in Pakistan must mete out effective, decisive and proportionate punishment to those involved in terrorism, a statement which comes close on the heels of the acquittal of terrorist Omar Saeed Sheikh, the main accused in the 2002 murder of American journalist Daniel Pearl, by Pakistan s Supreme Court.
Among the UN-designated terrorists are India s most wanted terrorists such as Jaish-e-Mohammed (JeM) chief Masood Azhar, Lashkar-e-Taiba (LeT) founder Hafiz Saeed and the outfit s operational commander, Zakiur Rehman Lakhvi.
Azhar, Saeed and Lakhvi are most wanted terrorists in India for their involvement in numerous terrorist acts, including the 26/11 Mumbai terror attacks and the 2019 bombing of a CRPF bus in Jammu and Kashmir s Pulwama. Pleyer said Pakistan must complete three unfulfilled tasks and once that is done, the FATF will verify and take a deci