Pakistan remains under increased monitoring (Grey List), Turkey named too

New Delhi, Oct 21 (IANS) Despite all its devious manoeuvrings, Pakistan remains on the FATF grey list. “Pakistan government has two concurrent action plans, with a total of 34 action plan items. It has now largely addressed 30 of the items,” said FATF president. This way Pakistan will remain in the increased monitoring ‘Grey List’ of global terror financing watchdog FATF, said its president Marcus Pleyer on Thursday.
Pakistan has been battling this stigma by being on the Paris-based FATF’s grey list for deficiencies in its counter-terror financing and anti-money laundering regimes since June 2018. Pleyer noted that “Pakistan has made significant progress and it has largely addressed 26 out of 27 items on the action plan it first committed to in June 2018.”
He, however, had added that the item on financial terrorism still needed to be addressed which concerned the “investigation and prosecution of senior leaders and commanders of UN-designated terror groups”.
Moreover, three other countries are onto the FATF list: Jordan, Mali and Turkey. They have all agreed on an action plan with the FATF. In June this year, Pakistan viewed as a failed state by many was given three months to fulfil the remaining conditions by October.
Pakistan was retained on the FATF ‘grey list’ for failing to effectively implement the global FATF standards and over its lack of progress on investigation and prosecution of senior leaders and commanders of UN-designated terror groups.

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