In a major blow to Pakistan, the country will remain on the grey list of Financial Action Task Force (FATF) till June 2020 as it failed to comply with the 27-point action plan to control funding to terrorist groups. The international terror financing watchdog has warned Pakistan of stern action for its failure in combating money laundering and terror financing.
The decision was taken after the conclusion of the February 16-21 group meetings and the plenary session of the FATF on Friday where another deadline of four months has been given to Pakistan to act against organisations involved in terror financing.
The FATF noted that Pakistan addressed only 14 of 27 action items given to it for controlling funding to terror groups like the Lashkar-e-Taiba and Jaish-e-Mohammad, responsible for series of attacks in India.
https://www.businesstoday.in/current/world/pakistan-remain-fatf-grey-list-till-june-2020/story/396687.html
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In a major blow to Pakistan, the country will remain on the grey list of Financial Action Task Force (FATF) till June 2020 as it failed to comply with the 27-point action plan to control funding to terrorist groups. The international terror financing watchdog has warned Pakistan of stern action for its failure in combating money laundering and terror financing. The decision was taken after the conclusion of the February 16-21 group meetings and the plenary session of the FATF on Friday where another deadline of four months has been given to Pakistan to act against organisations involved in terror financing. The FATF noted that Pakistan addressed only 14 of 27 action items given to it for controlling funding to terror groups like the Lashkar-e-Taiba and Jaish-e-Mohammad, responsible for series of attacks in India. https://www.businesstoday.in/current/world/pakistan-remain-fatf-grey-list-till-june-2020/story/396687.html