Foreign Office Confirmed the Placement of Pakistan in Grey List

Foreign Office Confirmed the Placement of Pakistan in “Grey List” of FATF

Foreign Office Confirmed the Placement of Pakistan in Grey List of FATF: Foreign Office confirmed on Wednesday that in June Pakistan is set to be included on the watch list of countries where terrorist outfits are still allowed to raise funds. Foreign Office spokesman Dr. Muhammad Faisal revealed that a decision to place Pakistan on the watch list was taken at the FATF plenary meeting held in Paris in the last week of February, 2018.

Foreign Office Confirmed the Placement of Pakistan in "Grey List" of FATF
Foreign Office Confirmed the Placement of Pakistan in “Grey List” of FATF

Foreign Office Confirmed the Placement of Pakistan in Grey List of FATF Foreign Office Confirmed the Placement of Pakistan in Grey List of FATF Foreign Office Confirmed the Placement of Pakistan in Grey List of FATF.

He said, “Pakistan will be placed on the Financial Assistance Task Force’s (FATF) grey list in June but there is currently no chance of its placement on the blacklist”. He further said that Pakistan will cooperate with FATF in every possible way.

He said that an action plan to root out terrorist financing was being prepared and would accordingly be shared with the international body. According to Dr. Faisal, the FATF has asked Pakistan to take additional steps to curb money laundering and terror financing.

He said that Pakistan has already taken steps to remove the deficiencies in these areas and cited the presidential ordinance that was quietly passed days before the FATF plenary to amend the anti-terror legislation in order to include all UN-listed individuals and groups in the national listings of proscribed outfits and persons.

All matters related to FATF will be dealt with by the finance ministry, the FO spokesman said. He also mentioned that all matters relating to the terror financing issue except for press releases are of a sensitive nature.

The 37-nation FATF plenary held its first meeting on Pakistan on February 20,2018 where China, Turkey and Saudi Arabia, who were representing the Gulf Cooperation Council, opposed the US-led move to place Pakistan on the watch list. However the US pushed for an unprecedented second discussion on Pakistan’s name on the watch list, held on February 22, 2018. It should be kept in mind that Pakistan was enlisted in the grey list of FATF but the name was later removed.

Read More News:

Leave a Reply


Notice: ob_end_flush(): failed to send buffer of zlib output compression (0) in /home3/humsubtv/public_html/wp-includes/functions.php on line 5279

Notice: ob_end_flush(): failed to send buffer of zlib output compression (0) in /home3/humsubtv/public_html/wp-content/plugins/really-simple-ssl/class-mixed-content-fixer.php on line 107