Pakistan received another extension on the “greylist”, as the Financial Action Task Force (FATF) plenary session on Wednesday decided to continue all nations under scrutiny for Terror Financing and Money Laundering until October2020 Nevertheless, Islamabad faced problems on other fronts, with the United States knocking its record on terrorism, including its failure to act versus groups like the Lashkar-e-Taiba (LeT), and received a U.S. veto against its joint effort with China to note an Indian engineer on the UN Security Council (UNSC)’s 1267 list.
Also checked out: Pakistan prompts U.S. to get it off Financial Action Task Force grey list
At the FATF plenary, held through videoconferencing, Pakistan was due for a decision on whether it would be kept the “greylist” or reduced to the blacklist for failing to fulfill the finance guard dog’s 27- point action intend on countering fear financing and anti-money laundering (CFT/AML) steps.
Sources stated the FATF, which had offered Pakistan 2 extensions to comply with its action strategy since October 2019, chose all to hold off decisions on all nations under “increased monitoring” or the “greylist”, too on “high danger jurisdictions”, as the “blacklist” is officially understood, owing