After a plenary meeting in February, FATF warned Pakistan that all deadlines set for implementing an action plan against terror financing had expired, and that the country had largely addressed only 14 of 27 action items in the plan. According to a more recent assessment, Pakistan is understood to have largely addressed about 20 action items. Terror financingCombating terror financing has been a priority for FATF since 2001. FATF carries out assessments throughout the year of countries on the grey list, though this work has been curtailed in 2020 by the Covid-19 pandemic. What remains to be seen is how much leeway FATF will give to Pakistan to deliver on the action plan against terror financing.

Source: Hindustan Times October 21, 2020 00:17 UTC