Pakistan will proceed to be on Financial Action Task Force (FATF)’s grey list as it’s but to completely implement the 27-point motion plan over cash laundering and terror financing.
“Pakistan remains underneath growing monitoring. It has largely addressed 26 out of 27 gadgets on the motion plan,” Marcus Pleyer, President, FATF, mentioned.
Incidentally, the announcement by the FATF has come a day after India’s National Security Advisor (NSA) Ajit Doval has pitched for an “motion plan” in opposition to Pakistan-based terror teams Lashkar-e-Taiba and Jaish-e-Mohammed underneath the framework of eight-nation grouping SCO and referred to as for expeditiously bringing the perpetrators of terror assaults to justice.
At an in-person assembly of high safety officers of the Shanghai Cooperation Organisation (SCO) in Tajikistan’s capital Dushanbe on Wednesday, he additionally referred to as for full implementation of the UN resolutions and focused sanctions in opposition to UN-designated terrorist people and entities, official sources mentioned.
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Doval additionally emphasised the adoption of worldwide requirements to counter terror financing and urged having a memorandum of understanding between the SCO and anti-terror watchdog FATF.
In current months, Pakistan has been scrambling to keep away from being added to a list of nations deemed non-compliant with anti-money laundering and terrorist financing laws by the worldwide watchdog.
Pakistan was positioned on the grey list in June 2018 by the FATF. Islamabad was requested to implement a 27-point motion plan to curb cash laundering and terror financing by the top of 2019. However, the deadline was later prolonged because of the coronavirus pandemic.
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In February this yr, the FATF gave a fourth extension to Pakistan to completely implement a 27-point motion plan and “strongly urged” it to fulfill the remaining three circumstances about terror financing investigations and the United Nations Security Council resolutions.
(With inputs from PTI)
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