PARIS: The Financial Action Task Force (FATF) has once again retained Pakistan on the grey list noting that “significant progress” had been made in completing the required action items for removal from the list.
In its statement, the FATF said that Pakistan had completed 26 of the 27 action items in its 2018 action plan.
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It added:”Since June 2018, when Pakistan made a high-level political commitment to work with the FATF and APG to strengthen its Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) regime and to address its strategic counter-terrorist financing-related deficiencies, Pakistan’s continued political commitment has led to significant progress across a comprehensive CFT action plan.”
According to the statement, the FATF encouraged Pakistan to continue to make progress to address, as soon as possible, the one remaining item by continuing to demonstrate that TF investigations and prosecutions target senior leaders and commanders of UN-designated terrorist groups.
The international watchdog said that in response to additional deficiencies later identified in Pakistan’s 2019 APG Mutual Evaluation Report (MER), in June 2021, Pakistan provided further high-level commitment to address these “strategic deficiencies pursuant to a new action plan that primarily focuses on combating money laundering.”
