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Why Pakistan willl have to Remain On Terror-Financing Watchdog FATF’s Grey list ?

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Imran Khan and Pak

In a major blow to Pakistan, the country would remain to stay on the grey list of the terror-financing watchdog Financial Action Task Force’s (FATF). The decision was taken in the FATF’s plenary session after Islamabad failed to comply with all 27 parameters set by the task force.

Pakistan was placed on the Paris-based body’s grey list in June 2018 and given an action plan to implement. It has been two years and Islamabad continue to remain on the list since it failed to implement the action plan.

The FATF began its three-day virtual plenary meeting on October 21 (Wednesday) in which it reviewed Pakistan’s performance in implementation of the action plan recommended by it to choke channels of funding to the terror groups operating from the country.

 

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