Islamabad: Pakistan will continue to remain in the grey list of Paris-based Financial Action Task Force as it failed to fully implement all the points of a plan of action set by it to curb terror activities.
The anti-terror watchdog said that Pakistan has now largely addressed 24 of the 27 action items and urged Islamabad to swiftly complete its full action plan before June 2021.
FATF had placed Pakistan on the grey list in June 2018 and asked Islamabad to implement a plan of action to curb money laundering and terror financing by the end of 2019 but the deadline was extended later on due to Covid-19 pandemic.
In the last plenary held in October 2020, the FATF concluded that Pakistan will continue in its “grey list” till February 2021 as it has failed to fulfil six out of 27 obligations of the global money laundering and terrorist financing watchdog that include failure to take action against two of India’s most wanted terrorists – Jaish-e Mohammad chief Maulana Masood Azhar and Jamaat-ud-Dawah head Hafiz Saeed.
Azhar and Saeed are most wanted terrorists in India for their involvement in numerous terrorist acts, including 26/11 Mumbai terror attacks and bombing of a CRPF bus at Pulwama in Jammu and Kashmir last year.