Pak stays on FATF grey list, ‘deficiencies remain’

The Financial Action Task Force (FATF) on Thursday retained Pakistan in its “grey list” and urged the country to complete an action plan to counter terror financing before June, including steps to investigate and prosecute individuals and entities involved in such activities.

In a statement, the FATF noted Pakistan has made “significant progress” on the entire action plan, and has “largely addressed 24 of the 27 action items”. However, FATF president pointed out that the deficiencies yet to be addressed are all “serious” as they are related to terror financing. “Pakistan remains under increased monitoring,” he said.