Jolt for Pak, remains on FATF gray list


New Delhi, October 23

The global financial action task force (FATF) has retained Pakistan on the gray list and asked it to take action on six points relating to terror financing.

A virtual FATF plenary meeting asked Pakistan to make progress on all 27 obligations related to money laundering and terror financing by June which will be followed by an on-site visit by its inspectors. India wanted Pakistan to be pushed onto the blacklist for persistent delinquent behavior. Turkey was pressing for Pakistan’s progress on the remaining points to be considered proof of good intent and wanted the FATF to close the matter with an on-site inspection.

For Action against Most wanted terrorists

  • Pakistan told to make progress on all 27 obligations related to money laundering and terror financing by June
  • Obligations include action against LeT founder Hafiz Saeed, Maulana Masood Azhar and Zakiur Rehman Lakhvi

Pakistani diplomats said they would now make another attempt to get out of the gray list at the next FATF meeting in June next year.

The deadline for Pakistan to complete its FATF file was June this year, but it earned a reprieve after the plenary was postponed due to the Covid-19 pandemic. The Ministry of External Affairs (MEA) had on Thursday said Pakistan had addressed 21 of the total 27 action items. “As is well known, Pakistan continues to provide safe haven to terrorist entities and individuals. It has also not yet taken any action against those individuals proscribed by the UN Security Council such as Masood Azhar, Dawood Ibrahim, Zakiur Rehman Lakhvi, etc., ”said MEA spokesperson Anurag Srivastava.

Pakistan has been under pressure from the international community for over two years to implement a plan to curb money laundering and terror financing. – TNS



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