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New Delhi: The Financial Action Task Force (FATF) on Friday maintains Pakistan in the “Gray List” and directs it to do more in investigating and demanding senior leaders and terrorist groups who are not determined for terror financing.
Multilateral Watchdog was announced at the end of the plenary meeting that Pakistan completed 26 of 27 action items in the action plan given by the state to be applied when included in the list of gray, or a list of countries that faced an upgraded monitoring, in 2018.
Fatf encourages Pakistan to continue to make progress to overcome, as soon as possible, one remaining item by continuing to show that the investigation of [terror financing] and prosecution targets senior leaders and the commander of terrorist groups who are not appointed,” the organization said in a statement.
Pakistan has repeatedly failed to do quite a lot to investigate and demand that the top leaders of terror groups that are not determined such as Lashkar-e-taiba (Let) and Jaish-e-Mohammed (JEM). Although he arrested and demanded and made the founder of Hafiz Saeed in several cases of terror financing, the prosecution of other Lashkar leaders collapsed due to lack of evidence.
Friday’s fatf statement Said that since June 2021, Pakistan has taken “Swift Steps” towards improving its anti-money laundering and counter-terrorized financing regime and complete six of the seven items in the second action plan “ahead of any relevant deadlines expiring. By showing that he increases the impact of sanctions by nominating individuals and entities for the appointment of the United Nations and holding and resisting the proceeds of crime “in accordance with the country’s risk profile.
“Pakistan must continue to work to overcome the remaining items in the 2021 action plan by showing positive and continuous trends in pursuing investigations and prosecution of complex money,” the statement added.
The statement further said that since June 2018, Pakistan had shown “sustainable political commitment” which has led to “significant progress across a comprehensive CFT action plan”.
The meeting of Plenary Fatf stated “deep sadness” for loss of life in connection with “tragic development in Ukraine”.
The statement said: “Given the military invasion of the Russian federation to Ukraine, Fatf … expressed his major concerns about the impact of invasion of money laundering, terrorist financing, and financing of the risk environment and financial, economic and safety and security integrity. “
