Monday , October 25 2021

Financial Action Task Force puts Pakistan on grey list

In a yet another blow to Pakistan at the global stage, the Financial Action Task Force has placed it on the grey list for failing to curb anti-terror financing.

This was despite Islamabad submitting a 26-point action plan and launching a concerted diplomatic effort to avert the decision.

The decision was taken at the global financial watchdog Financial Action Task Force’s planery session in Paris.

The FATF is an inter-governmental body established in 1989 to combat money laundering, terrorist financing and other related threats to the integrity of the international financial system.

The placement on the grey list could hurt Pakistan’s economy as well as its international standing.

Meanwhile, US has made it clear that it can not turn blind eye to the protectors of terrorism.

Visiting US Ambassador to UN Nikki Haley said that Trump Administration has send a strong message to Pakistan to act against terrorist operating from its soil.

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