FATF Placed Pakistan in its Grey List for aiding Terrorism
Financial Action Task Force (FATF) has decided to keep Pakistan on its ‘grey list’.
Financial Action Task Force (FATF) has decided to keep Pakistan on its ‘grey list’.
The decision was taken during a plenary session going on in Paris.
Pakistan was officially placed on a terrorism financing watchdogs grey list on Wednesday, failing the country’s efforts to avoid the designation, media outlets reported.
The sources said that the Financial Action Task Force (FATF) took this decision during a plenary meeting in Paris, arguing that Pakistan had failed to act against terror financing and money laundering on its soil.
Earlier in the day, caretaker Finance Minister Shamshad Akhtar urged the FATF to remove Pakistan from its grey list.
Akhtar, who earlier reached Paris to attend the six-day FATF meeting from June 24-29, had requested the body to remove Pakistan from the ‘grey list’, as the FATF was to conduct a review.
