Pakistan will remain on the ‘grey list’ of the Financial Action Task Force (FATF), reports said on Friday, 23 October.
The country will reportedly be kept on the ‘grey list’ of the terror financing watchdog till the next review, which will take place in February 2021.
What Did FATF Say?
"To date, Pakistan has made progress across all action plan items and has now largely addressed 21 of the 27 action items. As all action plan deadlines have expired, the FATF strongly urges Pakistan to swiftly complete its full action plan by February 2021," the watchdog said.
FATF president Marcus Pleyer on Friday said that the South Asian country failed to fulfil six of the 27 mandates given to check terror funding.
The country needs to do more on checking terror funding, Pleyer said, adding that it must impose sanctions and prosecute those involved in such financing.
“Pakistan completed 21 of 27 items, it definitely means that world has become safer. But the six outstanding items are very serious deficiencies that still have to be repaired, risks haven’t gone. The Pakistan government must do its best to work on these six items.”Marcus Pleyer, FATF president, as quoted by ANI
The decision was taken during FATF's three-day virtual plenary session.