Anti-terror financing watchdog FATF puts Pakistan again on 'grey list'

FATF delegation underscored Islamabad's commitment on cracking down on both active and banned terror outfits

ANI  |  Paris 

Pakistan. Photo: Reuters
Photo: Reuters

Global anti-watchdog, Financial Action Task Force (FATF) has decided to keep on its 'grey list'.

At the talks in Paris, a delegation led by Pakistani interim minister for finance and planning, Dr Shamshad Akhtar apprised the global watchdog of steps taken by to stifle and money laundering, Geo TV reported.

The delegation underscored Islamabad's commitment on cracking down on both active and banned

It added that the Pakistani government was working to restrict financial assistance for terrorists, by making existing laws stricter and ensured implementing current regulations smoothly, as per the report.

Akhtar, who earlier reached Paris to attend the six-day meeting from June 24-29, had requested the body to remove from the 'grey list', as the was to conduct a review.

In compliance with the FATF's recommendations, the Securities and Exchange Commission of Pakistan (SECP) issued the Anti and Countering Financing of Terrorism Regulations, 2018 on June 20.

Earlier on June 8, the (NSC) reaffirmed its commitment on cooperating with FATF for achieving "shared objectives".

"The committee reaffirmed the commitment of the country to work with FATF and other organisations in achieving common goals and shared objectives," a statement issued by the Pakistan Prime Minister Office (PMO) on the NSC meeting had said.

The FATF is an inter-governmental body established in 1989 to combat money laundering, terrorist financing and other related threats to the integrity of the financial system, according to the report.

In February this year, Pakistani authorities confirmed that the country was going back on the "grey list" of the FATF after a span of nearly four years.

First Published: Thu, June 28 2018. 08:04 IST