KARACHI: The Financial Action Task Force (FATF) on Wednesday night decided to keep Pakistan in grey list, according to Aaj News.
The six-day meeting of the FATF is underway from June 24 to 29 in the French capital Paris. Pakistan has committed to an ambitious 26-point action plan spanning a period of 15 months to avoid being blacklisted by the Financial Action Task Force.
The plan envisages choking the financing of terrorist groups like Da’ish and the Haqqani network.
The FATF Plenary – the global intergovernmental body working to combat money laundering and terrorist financing, on Tuesday began discussions on the action plan, said sources in the Ministry of Finance.
A formal announcement about Pakistan’s fate is expected on Friday. This is for the first time that all 26 actions have been published in detail.
The plan that the International Cooperation Review Group (ICRG) of Asia Pacific Group (APG) submitted to the FATF Plenary also requires Pakistani authorities to proactively cooperate with counterpart bilateral agencies to choke financing to Da’ish, Al Qaeda, Jamaatud Dawa and its affiliate FIF, LeT, JeM, the Haqqani Network and persons affiliated with the Taliban.
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