China Headed FATF Decides To Keep Pakistan In Grey List After It Fails To Control Funding To Terror Groups

Following a key plenary here, the Financial Action Task Force (FATF) on Friday (18 October) announced to keep Pakistan in the grey list. The announcement was made by FATF President Xiangmin Liu.

The global watchdog for terror financing and money laundering had placed Pakistan in the grey list of countries responsible for terror-financing in June 2018, presenting Islamabad with a 27-point action plan to adopt strict anti-money laundering measures till September 2019.

The FATF meeting, which started on 13 October, had discussed the steps taken by Pakistan till April 2019.

The FATF noted that Pakistan addressed only five out of the 27 tasks given to it in controlling funding to terror groups like the Lashkar-e-Taiba and Jaish-e- Mohammad, responsible for series of attacks in India, reports Times of India.

It was attended by representatives from 205 countries and also from the International Monetary Fund, UN, World Bank and other organisations.

The FATF, which has 39 members including India, sets guidelines for fighting terrorism financing and monitors their compliance.

(With inputs from IANS)