The International Action Task Force (FATF), a global physique that tracks terrorism funding and cash laundering, has retained Pakistan within the 'grey listing'. It has additionally warned that if Pakistan doesn’t observe 22 out of 27 factors associated to anti cash laundering and counter-terrorism funding, it will likely be placed on the black listing. The last choice will likely be taken on Friday.
At the identical time, FATF put Pakistan within the 'grey listing' in June 2018. Turkey and Malaysia prolonged their assist to Pakistan for being faraway from this listing however didn’t get any aid. This choice has been taken on the ongoing plenary assembly of the FATF in Paris. <! –
This assembly will run for every week.
Organization Take Action: India
Earlier, the FATF had stated that regardless of its strictness, many terrorist teams are receiving monetary assist from their supporters. Meanwhile, India stated that Pakistan is constantly offering monetary help to terrorist organizations like Lashkar-e-Taiba, Jaish-e-Muhammad and Hizbul Mujahideen, so the establishment ought to take motion towards Pakistan.
Be conscious, if Pakistan is blacklisted, it will likely be remoted from the worldwide banking system. In addition, it should additionally need to bear strict scrutiny and safety measures on any transaction.
'Terrorists are utilizing varied mediums'
Earlier, the FATF stated in a press release that terrorists are utilizing varied mediums to lift cash. Through social media, they’re trapping new supporters and taking cash and different sort of assist from them. Humanitarian support persons are additionally falling prey to terrorists. The group stated that it’s monitoring the monetary help given to the terrorists and likewise figuring out the monetary support.
Pakistan is now not a secure haven for terrorist teams: Imran
At the identical time, Pakistan is continually attempting to keep away from the motion of FATF. Prime Minister Imran Khan stated on Monday that Pakistan is now not a secure haven for terrorist teams. The assertion got here at a time when the vital assembly of the FATF is occurring within the French capital, Paris. FATF has now positioned Pakistan within the 'grey' listing. If the FATF isn’t glad with Pakistan's report on this assembly, it may be blacklisted.