Pakistan is unlikely to exit the “gray listing” of the FATF as some European international locations have taken the stand that Islamabad has not totally carried out all of the factors of a plan of motion set by it, a media report stated on Sunday, on the eve of the plenary assembly of the worldwide watchdog for cash laundering and terror financing.
The Paris-based Monetary Motion Activity Pressure had positioned Pakistan on the gray listing in June 2018 and requested Islamabad to implement a plan of motion to curb cash laundering and terror financing by the tip of 2019 however the deadline was prolonged in a while because of the COVID-19 pandemic.
The digital FATF plenary can be held in Paris from February 22 to 25 to contemplate circumstances of assorted international locations on the gray listing, together with Pakistan, and a choice can be made on the conclusion of the conferences, Daybreak newspaper reported.
Within the final plenary held in October 2020, the FATF concluded that Pakistan will proceed in its “gray listing” until February 2021 because it has did not fulfil six out of 27 obligations of the worldwide cash laundering and terrorist financing watchdog that embrace failure to take motion towards two of India’s most wished terrorists – Jaish-e Mohammad chief Maulana Masood Azhar and Jamaat-ud-Dawah head Hafiz Saeed.
Azhar and Saeed are essentially the most wished terrorists in India for his or her involvement in quite a few terrorist acts; together with the 26/11 Mumbai terror assaults and the bombing of a CRPF bus at Pulwama in Jammu and Kashmir final 12 months.
An official supply shut to those developments informed the paper on Saturday that Pakistan had complied with the six suggestions and in addition submitted particulars to the FATF secretariat.
The members would now consider Pakistan’s responses throughout the assembly, the supply stated, including that the choice could be taken after a consensus among the many members.
The paper, quoting a journalist overlaying the FATF stated that some European international locations, particularly the host France, had really useful to the FATF to proceed to maintain Pakistan on the gray listing and had taken the place that not all factors had been totally carried out by Islamabad.
Different European international locations are additionally supporting France, he stated.