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Pakistan to remain on FATF’s grey list until June 2021

The Financial Action Task Force (FATF) on Thursday said that Pakistan remains under “increased monitoring” when it comes to terror financing, therefore, it will remain on the grey list until June 2021.

The decision comes after a three-day virtual meeting of the FATF that began on February 22, during which steps taken by Pakistan against terror financing were reviewed.

Speaking via a live video link, the FATF President Dr Marcus Pleyer said that while FATF recognises Pakistan’s counterterrorism efforts, there are still some serious deficiencies that the country needs to address.

“Out of the 27 conditions of the action plan, three still need to be addressed,” he said. “I recognise Pakistan’s efforts, and out of the six tasks that it had to complete, three had been done, but it substantially needs to work on the remaining three in terms of terror financing.”

Pleyer stressed that Pakistan must continue to work on the items that it has committed to and make sure that it meets all the requirements, adding that FATF will once again review Pakistan’s efforts in June 2021.

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