Pakistan will stay in FATF’s grey list till 2021 February

Pakistan will stay in FATF’s grey list till 2021 February

Pakistan will stay in (Financial Action Task Force) FATF’s grey list 2021 February. Pakistan didn’t meet all the activity brings up laid by the FATF so however because of the Paris based terror attack financing work, the plenary has taken the decision. Financial Action Task Force highest decision making committee, the plenary will again check the circumstances that has given to the Pakistan and the committee will check the review of the in 2021. FATF has also said that, “Pakistan has made some progress. Along with the all action plans, Pakistan has finished 21 items out of 27 items. It certainly implies that the world has gotten more secure, however the 6 items means the dangers have not gone. The Pakistan Govt must put his effort to fix and take a shot at these 6 items”.

In this FATF meeting Turkey recommended that the FATF’s member should think about the good work done by Pakistan and as opposed to hanging tight for finish of the remaining 6 out of 27 items. In 2021 a FATF group of experts should visit the Pakistan to conclude its evaluation of the work. After complete their activity plans the group of experts will create a report and if every thing is right so they can give the green signal to Pakistan and they can exit from the ‘Grey list’. When Turkey told this front of the 38 member of FATF, no other member favored the move. It was not upheld by even, China, Saudi Arabia, and Malaysia.

The Financial Action Task Force has additionally noticed that there were scarcely any feelings of fear terror commanders of United Nation listed affiliated with the Haqqani and Al Qaeda terror organization. Pakistan was found resistant in getting serious about dread financing through smuggling of the mining items including valuable stones. The FATF has also mentioned around 4,000 list of names under the Anti-Terrorism Act up to January but however it disappeared in September 2020. Pakistan has been asked with regards to how this occurred.