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FATF puts Pakistan on 'grey list' for supporting terror financing: Report

Representative image. Photograph: (ANI)

WION Web Team Paris, France Jun 28, 2018, 07.04 AM (IST)

The Financial Action Task Force (FATF) today put Pakistan on the "grey list" for supporting money laundering and terror financing, reports said.

Pakistan's Geo News reported that despite Pakistan's interim prime minister Shamshad Akhtar pleading his case for Pakistan to be kept out of the list, the terror watchdog decided to put Pakistan back on the list at a meeting in Paris.

Pakistan was previously on the "grey list" from 2012 to 2015. The FATF was set up in 1989 to combat money laundering, from 2001 the watchdog's mandate was extended to check terror financing.

Pakistan's interim Interior minister  Muhammad Azam later said  FATF was under "immense pressure of  US and India" who had "pressurised even China and Saudi Arabia" to put Pakistan on the list.

In a bid to comply with FATF, Pakistan had passed the Anti Money Laundering and Countering Financing of Terrorism Regulations, 2018. The government had also vowed to realise the "shared objectives" of the watchdog.

Interim prime minister Nasir-ul-Mulk had last month reviewed measures to meet requirements of the global watchdog, the country had also submitted a "compliance report" to Asia-Pacific Group (APG), a subgroup of the Paris-based organisation. 

The United States had moved a motion in February to put Pakistan on the "grey list" after President Trump's repeated assertion of Pakistan being a "safe haven" for terrorists.

In February, Pakistan's foreign ministry had informed that FATF had decided to put the country on the "terror financing list"  from June once an action plan was "mutually negotiated".

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