Pakistan will remain in FATF’s Grey list till February next year
Pakistan will continue to be in the “Grey” list of the Financial Action Task Force till February next year, the global anti-terror watchdog said on Friday.
Pakistan, which failed to meet six of 27-action plan on money laundering and terror financing issue “needs to do more”, the 39-member FATF said at the end of its October 21-23 meet.
It said an on-site visit by the FATF would only be done once Islamabad fulfills all conditions and only then Pakistan will have the curbs lifted.
“Pakistan has completed 21 out of 27 items. It means that the world has become safer but six deficiencies need to be repaired. We give them a chance to repair their progress and if not then a country will be pushed to the blacklist,” the FATF said.
“Pakistan continues to provide safe havens to terrorist entities and individuals. It has not taken any action against several terrorist entities and individuals, including those who have been proscribed by the UNSC such as Masood Azhar, Dawood Ibrahim and Zakiur Rahman Lakhvi,” Ministry of External Affairs’ spokesperson Anurag Srivastava said during a weekly press briefing on Thursday.
The MEA spokesperson said the FATF has well laid out standards and procedures for putting a country in its Black or Grey list. After a country is put on a list, it is assigned an action plan to be implemented in a stipulated time frame.