The Financial Action Task Force (FATF) has refused to take Pakistan out of the ‘Grey List’ yet again. It said Pakistan had failed to take appropriate action against UN-designated terrorists such as 26/11 accused Hafiz Saeed and JeM chief Masood Azhar.
Although the global anti-money laundering and terror financing body has acknowledged some progress made by Pakistan, it said the country should continue to work to address its strategically-important deficiencies.
FATF president Marcus Pleyer said the decision was taken at the conclusion of the virtual plenary of the Paris-based organisation. Pakistan continues to remain on “increased monitoring list”, Pleyer said at a virtual press conference. “Increased monitoring list” is the another name for the Grey List.
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