Pakistan FATF

FATF on Wednesday decided to keep Pakistan in the "grey list" as it has failed to check flow of money to terror groups like the LeT and the JeM

The decision was taken at the FATF's third and final plenary held virtually because of the Covid-19 pandemic

Giving Pakistan a 10-point advise list, the Indian diplomat asked it to stop terror funding and dismantle terrorist camps

That group also stated that Pakistan largely addressed 14 of 27 action items. The decision has been taken at the Financial Action Task Force's plenary in Paris

FATF, in 2018, had placed Pakistan on the grey list and the watchdog has already granted Islamabad an extension till February 2020 during a meeting in October last year

The FATF meeting in Paris from February 16 will decide whether or not Pakistan finally needs to be blacklisted for failing to act against terror

Pakistan submitted a report comprising answers to 22 questions to the FATF, Geo News quoted officials as saying

"There will be a response from them and then (there will be) face-to-face meeting," said Azhar, who is also Pakistan's team leader on FATF

"Pakistan has been consumed by terrorism and its long-term interests lie in reimagining the country or it risks becoming increasingly isolated and economically destitute", a panel member said

The FATF retained Pakistan on the Grey List and warned the country of action for its failure in combating money laundering and terror financing

Pakistan was placed on the Grey List by the Paris-based watchdog in June last year and was given a plan of action to complete it by October 2019

The CBI on Friday filed a chargesheet before a Delhi court against former finance minister P Chidambaram in the INX Media case

In a meeting in Paris on Tuesday, the FATF reviewed the measures that Pakistan has already taken to control money laundering and terror financing, reported Dawn News

Pakistan was placed on the grey list in June last year and given a plan of action to complete it by October 2019 or face the risk of being placed on the black list with Iran and North Korea

Pakistan has been placed on so-called "enhanced follow-up" in line with FATF's evaluation procedures

Pakistan's counter-terrorism department said it had launched 23 cases against Saeed and 12 aides for using five trusts to collect funds and donations for Lashkar-e-Taiba

The FATF asked Pakistan to demonstrate terror funding prosecutions result in effective, proportionate and dissuasive sanctions

Financial Action Task Force says it was concerned that Pakistan had failed to complete the action plan first by a January deadline.

A country is put on the grey list when it fails to curb terrorism financing and money laundering