Pakistan fails FATF test, to stay on terror watchdog's grey

Pakistan fails FATF test, to stay on terror watchdog's grey list
© Provided by The Times of India
NEW DELHI: While acknowledging "substantial" progress made by Islamabad in addressing strategic deficiencies in its AML/CFT (anti-money laundering/combating financing of terrorism) regime, global terror watchdog FATF on Friday retained Pakistan on its grey or Increased Monitoring List.
There was no reprieve for Pakistan even as the Paris-based body admitted Islamabad had now largely addressed 26 of the 27 items in its 2018 action plan to combat terror-financing. The one remaining unaddressed item, because of which Pakistan couldn't exit the grey list, relates to the need to demonstrate that terror-financing investigations and prosecutions target senior leaders and commanders of UN designated terrorist groups. FATF president Marcus Pleyer described it as a key issue that Pakistan needed to address.

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