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FATF decides to keep Pakistan on its Grey List till June this year

FATF decides to keep Pakistan on its Grey List till June this year

  • Global money laundering watchdog the Financial Action Task Force decided to keep Pakistan on its terrorism financing Grey list. 
  • FATF President Marcus Pleyer said, Islamabad had made progress, but was yet to complete its action plan to overcome deficiencies in its combating of money laundering and terrorism financing.
  • Islamabad should demonstrate effective implementation of targeted financial sanctions against all the designated terrorists. 
  • It said, Pakistan must demonstrate in taking action against UN-designated terrorists and their associates.