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No Respite : FATF Keeps Pakistan In The Grey List Till February 2021

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Pakistan will remain in Financial Action Task Force’s ‘grey’ list till February 2021 as it has failed to fulfil six key obligations of the global money laundering and terrorist financing watchdog that include failure to take action against two of India’s most wanted terrorists — Maulana Masood Azhar and Hafiz Saeed, officials said in report by news agency PTI. The move is jolt for Pakistan Prime Minister Imran Khan who is now facing pressure from the combined opposition towards his rule.

The virtual plenary of the FATF, held in the last three days, concluded that Pakistan will continue in its ‘grey’ list.

The decision has been taken after a thorough review of Pakistan’s performance in fulfilling the global commitments and standards on the fight against money laundering and terror financing.

“Pakistan remains in the increased monitoring list or the grey list,” FATF president Marcus Pleyer said at a virtual press conference from Paris.

Pakistan failed to fulfil six of the 27 mandates so far as a result of which the country continues to be in the grey list of the FATF.

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