After taking a review of compliance of a number of countries, including Pakistan with the international standards on Anti-Money Laundering and Counter Financing of Terrorism (AML-CFT), the Financial Action Task Force (FATF) has expressed its reservations over the steps taken by Pakistan for the Assigned Action Plan.
The anti-graft body has urged to swiftly complete the promised action plan by October 2019, otherwise ,FATF would decide on the next in case of “insufficient progress”. The following new points have been suggested for Pakistan to curb terror financing and money laundering g from the country.
Last year in June, Pakistan was placed on the ‘grey list’ of the international terror financing watchdog and given a 27 points action plan. The grey list is a warning given to a country when it fails to curb terror funding and money laundering.
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15 July, 2019