TIL Desk/World/Islamabad/ Pakistan will remain in the “grey list” of a global money laundering and terror financing watchdog till Februrary 2021, officials said on Friday.
The virtual plenary of the Financial Action Task Force (FATF), held in the last three days, concluded that Pakistan will continue in its ‘grey’ list as it has failed to fulfill six key obligations that include failure to take action against two of India’s most wanted terrorists — Maulana Masood Azhar and Hafiz Saeed, officials said on Friday.
The decision has been taken after a thorough review of Pakistan’s performance in fulfilling the global commitments and standards on the fight against money laundering and terror financing. “Pakistan remains in the increased monitoring list or the grey list,” FATF president Marcus Pleyer said at a virtual press conference from Paris.
Pakistan failed to fulfill six of the 27 mandates so far as a result of which the country continues to be on the grey list of the FATF. “Pakistan failed to fulfill six of the 27 mandates given to check terror funding,” Pleyer said.
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