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Why is pakistan still remaining on the grey
1. Why is Pakistan still
Remaining on the Grey
List?
By Sana Khan
2. Introduction
FATF announced on June 25,2021, that Pakistan will continue
to remain on grey list. FATF President Dr Marcus Pleyer said,
”Pakistan has made significant progress and it has largely
addressed 26 out of 27 items on the action plan it first
committed to in June 2018.”
3. Why is Pakistan still Remaining on the
Grey List?
• According to FATF, Pakistan has failed to take appropriate
action against UN-designated terrorists.
• The Pakistan government has failed to check risk of money
laundering, leading to corruption and terror financing.
• Pakistan has now completed 26 out of 27 action items given
to it in 2018.
4. FATF has stressed that Pakistan should
fully address three remaining points on
the action plan:
• Demonstrating that TF(Terror financing) investigating and
prosecutions target persons and entities acting on behalf or
at direction of designated persons or entities;
• Demonstrating that TF prosecutions result in effective,
proportionate dissuasive sanctions and ;
• Demonstrating effective implementation of targeted
financial sanctions against all 1267 and 1373 designated
terrorists, specifically those acting for or on their behalf.