Islamabad (HRNW) The Financial Action Taskforce has decided to keep Pakistan on its grey list while recognising the country’s efforts and progress in combatting terror financing.
“The Pakistani government has made substantial progress in making its counter-terrorist financing systems stronger and more effective. It has largely addressed 26 out of 27 items on the action plan it first committed to in June 2018,” the forum’s president, Dr Marcus Pleyer said in a press conference Friday.
Pakistan will remain under “increased monitoring”.
Highlighting a key item that the country needs to meet is the investigation and punishment of senior leaders and commanders of terror organisations.
As compared to 2019, Pakistan has made substantial improvement in countering terrorist financing and money laundering, Dr Pleyer added.
“Pakistan is still failing to effectively implement the global FATF standards across a number of areas. This means the risks of money laundering remain high which in turn can fuel corruption and organised crime.”
The forum insisted on ensuring the implementation of the United Nations Resolution 1373 and tracking of assets of elements involved in money laundering.
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