Islamabad Pakistan, which is facing financial crisis, has suffered a major setback from the Financial Action Task Force (FATF). Actually, Pakistan FATF has decided to keep Pakistan in the gray list.
The move has been taken against Pakistan for failing to meet the 27 targets of the FATF action plan. Pakistan has failed to comply with 6 out of 27 points.
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Let us tell you that the annual meeting of the FATF, an organization for the prevention and monitoring of financing and money laundering against terrorism, was held in Paris through digital medium. All 27 action points were reviewed in this meeting, after which it was decided to retain Pakistan in the gray list.
Pakistan in gray list from 2018
Let us tell you that FATF put Pakistan in the ‘gray’ list in June 2018 after failing to take action against the terrorists. The FATF then asked Pakistan to complete the 27-point action plan set by the end of 2019 to prevent money laundering and financing of terrorists. However, after this, Pakistan was given time till October 2020 due to Corona epidemic.
Pakistan was added to the gray list last year
The FATF’s decision comes at a time when Imran Khan is trying to show to the whole world that Pakistan is taking action against terrorists and that any kind of terrorist activities are not being carried out from Pakistan.
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Imran Khan imposed financial sanctions on 88 banned terrorist organizations and their leaders last August amid attempts to get out of the FATF gray list, including the Mumbai attack leader and Jamaat-ud Dawa chief Hafiz Saeed, Jaish-e-Muhammad chief Masood Azhar and underworld don Dawood Ibrahim.
In such a situation, the decision to retain Pakistan in the ‘Gray List’ is a big blow for Imran Khan. Media reports quoted sources as saying that Pakistan is likely to remain in the ‘gray list’ till February 2021.