FATF maintains Grey list status of Pakistan, expresses concern over insufficient steps taken to curb terror financing.
FATF maintains grey list status of Pakistan, expresses concern over insufficient steps taken to curb terror financing.
The FATF has announced that Pakistan will remain on the grey list and asked Islamabad to take steps to “address its strategic counter-terrorist financing-related deficiencies” which basically means to act on the financing of terrorism after failing to meet deadline twice.
Pakistan has garner support of at least three member states of the Financial Action Task Force (FATF) to avoid being pushed into the financial watchdog’s ‘blacklist’ for now, but danger persists.
Pakistan has been able to attract the support of Turkey, China, and Malaysia, which has helped Islamabad avoid being placed on the FATF blacklist.
The support has ensured temporary relief as it falls under the requirements of the FATF charter, which states that the support of at least three member states is essential to avoid the blacklisting.