Pakistan to remain on FATF grey list

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Pakistan to remain on FATF grey list

News Desk :

The Financial Assistance Task Force (FATF) has announced that Pakistan will continue to remain on the watchdog’s “increased monitoring list” commonly known as the grey list.

Announcing the decision in a virtual press conference after the financial watchdog’s five-day plenary meeting, FATF President Dr. Marcus Pleyer said, “Pakistan has made significant progress and it has largely addressed 26 out of 27 items on the action plan it first committed to in June 2018.”

Player, however, added that the item on financial terrorism still needed to be addressed which concerned the “investigation and prosecution of senior leaders and commanders of UN-designated terror groups”. He also pointed out that “a separate process has been taking place over the past few years” insofar as Pakistan was concerned.

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