How much work done by Pakistan on Terror funding, FATF's joint group will review today, sword of gray list will be removed?
FATF's joint group will discuss what steps have been taken against Terror funding in Pakistan. Based on this, it will be decided next month whether to place Pakistan in the FATF gray list or not?
The Financial Action Task Force (FATF) joint group will review this in an important meeting on Thursday on how much Pakistan has done against Terror funding. FATF had asked Pakistan to work on 27 points and in this meeting it will be seen that Pakistan has done enough work on how many points. Based on the advice given in the meeting, the FATF will decide next month whether Pakistan will be placed or changed in the gray list of the FATF.
The Correspondent Pakistan has quoted sources claiming that Bhutan, a close ally of India, is part of the meeting. In such a situation, Pakistan may have to bear the brunt. This group will submit its report to the International Cooperative Review Group of the FATF which will be presented at the FATF meeting. Whether or not to keep Pakistan in the gray list, the FATF will be decided in a meeting in the last week of February.
Pak is made in gray list
The last time the FATF meeting found that Pakistan had acted on just 21 points. Pakistan is currently in the gray list but can be blacklisted if it does not fulfill the 27-point action plan on terrorism financing and money laundering. The FATF has asked Pakistan to take action against those who have been declared terrorists by the United Nations.
Why the awe of FATF?
If Pakistan does not come out of the gray list, it will be difficult to get financial support from the International Monetary Fund (IMF), the World Bank and the European Union, while Prime Minister Imran Khan has already sought help from the international community, especially due to the corona virus. This will obviously have a negative impact on his economy