Pakistan will proceed to be on the ”Gray Record” of the FATF because it must “further demonstrate” that motion is being taken towards UN-designated terrorists like India’s most wished Hafiz Saeed and Masood Azhar, and teams led by them, the worldwide physique towards terror financing mentioned on Thursday.
Addressing a press convention, Monetary Motion Process Power (FATF) president Marcus Pleyer mentioned the choice has been taken on the conclusion of the digital plenary of the organisation.
On the motion plan of Pakistan, Paris-based FATF requires it to reveal terror financing investigation and prosecution of leaders and commanders of UN-designated terrorist teams and their associates, Mr Pleyer mentioned.
Pakistan continues to stay on “increased monitoring list”, he mentioned at a digital press convention from Paris.
“Increased monitoring list” is one other title for the ”Gray Record”.
“Pakistan has taken a number of important steps but needs to “additional reveal that investigations and prosecutions are being pursued towards the senior management of UN-designated terror teams,” the president of the global body against money laundering and terror financing said.
“All these adjustments are about serving to authorities stop terrorism, cease corruption and forestall organised criminals from benefiting from their crimes,” he mentioned.