FATF keeps Pak on grey list for failing to curb terror funding

International terror financing watchdog, the Financial Action Task Force (FATF) has decided to keep Pakistan on its grey list at the end of its week-long plenary meeting in Paris.

India had made a strong push to ensure that Islamabad is not taken off the list, in the aftermath of Pulwama terror attack.

In a statement, Paris-based FATF said, Pakistan has made only limited progress in curbing money laundering and terrorism financing.

It failed to show a proper understanding of the risks posed by terror outfits like Lashkar-e-Taiba, Jaish-e-Mohammad, Jamat-ud-Dawa and others.

The global



financial body said, Pakistan has until October this year to either comply with the demands made by FATF members or it could be blacklisted.

The FATF has asked Pakistan to swiftly complete its action plan that includes showing sanctions were being applied in cases of money laundering and terrorism financing.

It also has to demonstrate better cooperation between authorities, identify illegal money flows, and enhance support for prosecutors, among other measures.