Islamabad Politics Report/Moazzam Raza Tabassam: Financial Action Task Force (FATF) on Thursday decided to put Pakistan on “Grey List” at the FATF-MENAFATF Plenary meeting in Paris.
The US motion, to have Pakistan added to the “grey list” of countries was reportedly backed by Britain, France and Germany.
Pakistan was also placed on the FATF grey list from 2012 to 2015
To avoid being blacklisted by a global terror financing watchdog, Pakistan has committed to a 26-point action plan to erase sources of terror funding, a plan it envisages implementing over 15 months, media reported.
According to reports, The plan, that the International Cooperation Review Group of the Asia Pacific Group submitted to the terror financing watchdog – which Pakistan committed to – requires Pakistani authorities to proactively cooperate with counterpart bilateral agencies to choke financing to Da’ish, Al Qaeda, and the Haqqani Network, as well as India-oriented terror groups Jamaat-ud-Dawa and its affiliates Lashkar-e-Toiba and Jaish-e-Mohammed.
According to reported Plan, Pakistan will have to deliver on the first goal by January next year and complete all the 26 actions by September 2019.