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Pakistan Remains On FATF’ Grey List

The decision was announced at the conclusion of a five-day virtual plenary meeting of the multilateral monitoring body under the German chairman of Marcus Player.

Mumbai: The Financial Action Task Force (FATF) on Friday retained Pakistan on its “grey list” for failing to adequately investigate and prosecute senior leaders and commanders of UN-designated terrorist groups.

The decision was announced at the conclusion of a five-day virtual plenary meeting of the multilateral monitoring body under the German chairman of Marcus Player.

However, the FATF noted that Pakistan had completed all of the 27 in the Action Plan prepared for the country to combat money laundering and terror financing when placed on the increased surveillance or grey list in 2018.

“The FATF encourages Pakistan to continue to make progress to address as soon as possible the one remaining CFT (counter-terrorist financing)-related item by demonstrating that TF (terrorist financing) investigations and prosecutions target senior leaders and commanders of UN-designated terrorist groups,” the body said in an announcement.

Experts pointed out the sole remaining action item was significant as Pakistan has given few indications that it plans to investigate and prosecute leaders and commanders of all the eight terror groups that have been named by FATF in the past – the Taliban, Haqqani Network, Lashkar-e-Taiba (LeT), Jaish-e-Mohammed (JeM), Jamaat-ud-Dawah (JuD), Falah-e-Insaniyat Foundation, al-Qaeda and Islamic State.

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