Pakistan Exits Infamous FATF 'Grey List'; India Says Must 'Continue Sustained Action Against Terror'
News 18Pakistan on Friday officially exited the Financial Action Task Force’s ‘Grey List’, with the Paris-based terror finance watchdog saying that the country has made significant progress in stepping up action against money laundering and terror financing. I’m encouraging Pakistan to continue to work with the Asia-Pacific group to continue taking steps to combat terrorism financing.” “2nd country coming off FATF’s list is Pakistan. Pakistan has strengthened the effectiveness of its AML/CFT regime and addressed technical deficiencies to meet the commitments of its action plans regarding strategic deficiencies that the FATF identified in June 2018 and June 2021, the latter of which was completed in advance of the deadlines, encompassing 34 action items in total.” “Pakistan is therefore no longer subject to the FATF’s increased monitoring process. Till June this year, Pakistan had completed most of the FATF mandates given to it in 2018 and only a few items that were left unfulfilled included its failure to take action against UN-designated terrorists, including Jaish-e-Mohammed chief Masood Azhar, Lashker-e-Taiba founder Hafiz Saeed and his trusted aide and the group’s “operational commander”, Zakiur Rehman Lakhvi. India Responds Responding to FATF’s decision, India said that Islamabad must “continue to take credible, verifiable, irreversible and sustained action against terrorism”.