He said that Pakistan must complete three unfulfilled tasks and once it is completed, the FATF will verify and take a decision on its present status in the next plenary to be held in June. Indicating status quo of being on FATF’s ‘grey list’, the global body against money laundering and terror financing on Thursday said Pakistan will continue to remain on increased monitoring list as there are “serious deficiencies” in checking terror financing and the country lacks an effective system to deal with it. “To date, Pakistan has made progress across all action plan items and has now largely addressed 24 of the 27 action items. As all action plan deadlines have expired,” Pleyer said in Paris at the end of its plenary session. There is serious deficiency on the part of Pakistan in checking terror financing and the country is yet to demonstrate taking action against the UN designated terrorists and their associates, he said.

Source: Indian Express February 25, 2021 17:55 UTC