Pakistan in FATF Gray List: America asked Pakistan to complete the 27-point action plan expeditiously

The US has asked to expedite the steps being taken by Pakistan on FATF. The US urged Pakistan to “expeditiously complete” the 27-point action plan of the Financial Action Task Force (FATF) by probing terrorism financing and prosecuting the leaders and commanders of terrorist organizations designated by the United Nations. (Pakistan in FATF Gray List: US ask Pakistan to swiftly complete 27 point action plan)

In an online meeting last month, the FATF kept Pakistan on the ‘grey list’ for its failure to curb money laundering that finances terrorism. It also asked Pakistan to investigate and prosecute UN-designated terrorists on its soil such as Jaish-e-Mohammed chief Masood Azhar and Lashkar-e-Taiba founder Hafiz Saeed. The world body had also asked Pakistan to strategically deal with cases of money laundering and terrorism financing.

Pakistan’s efforts supported

“We support Pakistan’s continued efforts to meet those (First Action Plan) obligations,” US State Department spokesman Ned Price said at a daily news conference on Monday. Pakistan has made significant progress on its first plan of action. In this, he has worked extensively on 26 out of 27. “We urge Pakistan to expeditiously work with the FATF and the international community to investigate the financing of terrorism and prosecute the leaders and commanders of terrorist organizations designated by the United Nations,” he said. Price said in response to a question that the US encourages Pakistan to work swiftly on its new second plan of action.

On the gray list since 2018

The FATF placed Pakistan on the ‘Grey List’ in June 2018 and gave an action plan to be completed by October 2019. Since then the country has remained on this list for failing to comply with FATF orders. The FATF is an intergovernmental body established in 1989 to combat money laundering, terrorist financing and other related threats to the integrity of the international financial system. (language)

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