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Pak remains in FATF ‘grey list’ for failure to check terror funding

Pak remains in FATF 'grey list' for failure to check terror funding

TIL Desk/World/New Delhi/ A sub-group of the global terror financing watchdog Financial Action Task Force on Tuesday recommended continuation of Pakistan in the ‘Grey List’ for its failure to check terror funding and a final decision will be taken on February 21, sources said on Tuesday.

The decision was taken at the meeting of the FATF’s International Co-operation Review Group, held at the ongoing Paris plenary. “The ICRG meeting, sub group of the FATF, has recommended that Pakistan be retained in the ‘Grey List’. A final decision will be taken on Friday when the FATF takes up issues concerning Pakistan,” a source said.

Pakistan needs 12 votes out of 39 to exit the ‘Grey List’ and move to ‘White List’. To avoid ‘Black List’, it needs support of three countries. In the last month’s FATF meeting in Beijing, Pakistan has got support of Malaysia and Turkey besides FATF current chair China.

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