Pakistan will remain on FATF gray list, punishment for not taking action against terrorists

Pakistan remain on the gray list

Islamabad: The problems of Pakistan’s Prime Minister Imran Khan have increased further. Due to not taking action against the terrorists, Pakistan has again been kept in the gray list of the Financial Action Task Force (FATF Gray List). Pakistan has not taken action on 4 out of 34 points of the Action Plan. Apart from Pakistan, its supportive friend Turkey has also been included in the gray list of FATF. Turkey has been continuously supporting Pakistan in propaganda on Kashmir.

The three-day session of FATF was held from October 19 to 21, in which Pakistan has once again been kept on the gray list. Pakistan will now remain on the gray list till the next FATF meeting to be held in April 2022.

In the June session of this year, the FATF retained Pakistan in the ‘grey list’ after it was found to have failed in its money laundering probe. The organization had asked Islamabad to file a case against those included in the UN’s list of terrorists, including Hafiz Saeed and Masood Azhar. Pakistan has not been able to come out of the gray list since June 2018.

Disadvantages of being on the gray list
Pakistan retained in the gray list will find it difficult to get financial help from the International Monetary Fund (IMF), World Bank, Asian Development Bank (ADB), and the European Union. There will be many strict conditions on it. So far, Pakistan has been avoiding getting into the black list with the help of China, Turkey, and Malaysia.

Pakistan remain on the gray list

Pakistan has been constantly advising its allies to take action on terrorism. Earlier in June, after being included in the FATF’s gray list, the US had appealed to Pakistan to follow the FATF’s 27-point action plan by probing terrorism money laundering and prosecuting the leaders and commanders of UN-designated terrorist organizations. Do “fast”.

Pakistan has not been able to come out of the FATF list since 2018
The FATF placed Pakistan on the ‘grey list’ in June 2018 and gave an action plan to be completed by October 2019. Since then the country has remained on this list for failing to comply with FATF orders.

The FATF is an intergovernmental body established in 1989 to combat money laundering, terrorist financing, and other related threats to the integrity of the international financial system.