Advertisment
Subscribe
ad_close_btn

Powered by :

Advertisment
News

Pakistan Under FATF Grey List 3rd Time For No Action Against Terror Groups

No relief for Pakistan as it is still in FATF grey list and will remain till 2022. The President of watchdog organization warn Pakistan regarding it and could face blacklist if fail to do so

author-image
Pooja Suryavanshi
Updated On

21st October, Thursday was a big day for neighborhood country Pakistan which hoped to be removed from the FATF grey list. Marcus Pleyer, FATF President, continued to keep it under strict monitoring for money laundering and terror financing.

Advertisment

Dr. Pleyer in his speech said The Pakistan Government has addressed only 30 items out of its 34-action plans to take action against Lashkar-e-Taiba, al-Qaeda, and other terrorist groups.

fatf grey list
FATF grey list since 2018 and will continue till 2022 until the next FATF conference. If Pakistan fails further then it may promote to FATF black list becoming a subject to economic sanctions.

Turkey, Jordan Join Pakistan In FATF Grey List, Mauritius Out

fatf grey list
Also Read: Narendra Modi Met Kamala Harris, Talked Over Pakistan, Terrorism

Advertisment

On other hand, Iran and North Korea continue to be on FATF black list that restricts them to get support from World Bank, IMF, and other global financial institutions.

Financial Task Force is an international organization established in 1989 by G7 countries. India is also a part of this watchdog organization.

FATF grey list countries FATF fatf blacklist fatf grey list