FATF Retains Pakistan on Grey List, Says ‘Good Progress’ Found in Action Against Terror Financing


Pakistan remains under increased monitoring, says FATF. (Image: Reuters/File)

Pakistan government has a 34-point action plan, of which 30 items have been addressed, FATF said at its October plenary.

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  • Last Updated:October 21, 2021, 21:50 IST
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Pakistan will stay on the ‘grey list’ as “good progress” was found with regard to action taken in connection with money laundering and terror financing, according to the Financial Action Task Force (FATF) that concluded its three-day October plenary on Thursday.

Besides Pakistan, Turkey made an entry to the ‘grey list’ with the FATF mentioning the country’s terror financing for Al Qaeda. Regarding Pakistan, FATF stated that it has largely addressed 30 issues out of 34. “Pakistan remains under increased monitoring (grey list). Its government has a 34-point action plan, of which 30 items have been addressed. Good progress found, but shortcomings listed,” said the FATF at the plenary.

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Jordan and Mali have also been added to the grey list, with the countries agreeing to an action plan with the FATF. Meanwhile, Botswana and Mauritius were taken off from the grey list.

The FATF had retained Pakistan in the grey list at its last virtual plenary meeting held in June, saying that the country had failed to adequately investigate and take action against leaders of UN-designated terrorist groups. The global terror financing watchdog had asked Pakistan to execute a new action plan to deal with money laundering and terror financing.

FATF’s October plenary took place under the German Presidency of Dr Marcus Pleyer, with delegates representing 205 members of the global network and observer organisations, including the International Monetary Fund and the United Nations, taking part in the hybrid meeting.

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