worldUpdated: Feb 21, 2020 21:24 ISTChina on Friday praised close-ally Pakistan’s “enormous efforts” in combating terror financing and played down reports that it backed India and other countries against Islamabad at the just- concluded FATF meeting in Paris that retained the country in the Grey List. China said it stands ready to work with relevant parties to offer more assistance to Pakistan in its efforts against terrorism. “China maintains that the purpose and aim of the FATF is to support countries’ efforts to strengthen institutions against money laundering and terror financing and safeguard international financing system,” the spokesman said. The Paris-based FATF, which supervises effective implementation of legal, regulatory and operational measures for combating money laundering, terrorist financing, during the meeting decided continuation of Pakistan in the “Grey List”. The FATF said Pakistan has to swiftly complete its full action plan by June, the source said.

Source: Hindustan Times February 21, 2020 15:54 UTC