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FATF Grey List: Why Pakistan must introspect on its efforts to check terror

 Pakistan is unlikely to exit the Financial Action Task Forces (FATF) grey list as it has been unable to comply with six of the 27 points in the global watchdogs action plan, according to reports

The Condition

The FATF had given Pakistan a total of 27 action plan obligations for completely checking terror financing of which so far it has cleared 21 but has failed in some of the key tasks. The obligations included action against two of India’s most wanted terrorists Maulana Masood Azhar and Hafiz Saeed. Besides, FATF has strongly noted the fact that there was sudden disappearance of the names of more than 4,000 terrorists from its original list of 7,600 under Schedule IV of its Anti Terrorism Act.

The Paris-based global watchdog is holding its virtual plenary session on October 21-23. It will take the final call on Pakistan’s continuation on its grey list after a thorough review of Islamabad’s performance in fulfilling the global commitments and standards in the fight against money laundering and terror financing.

The four nominating countries the United States, Britain, France and Germany are also not satisfied with Islamabad’s commitment to taking strong action against the terror groups operating from its soil, reports said.Maulana Masood Azhar and Hafiz Saeed are most wanted terrorists in India for their involvement in numerous terrorist acts, including the 26/11 Mumbai terror strikes and the bombing of a CRPF bus at Pulwama in Jammu and Kashmir last year.


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