Fatf

US has urged Pakistan to continue working with anti terror-financing agency FATF to "swiftly complete" its 27-point action plan by demonstrating that terrorism financing probes and prosecutions target commanders of the UN-designated terror groups.

Pakistan's anti-corruption watchdog has established an anti-money laundering and terror financing cell to check financial crimes and illegal transfer of resources as the country struggled to exit from the FATF's grey list.

Terming the fight against terrorism and money laundering as its top priorities, the European Union has urged Pakistan to follow the steps outlined by the Financial Action Task Force (FATF).

India has told the UN that it has been a victim of terrorism, especially from across the border, over the last several decades and that there are countries "clearly guilty" of aiding, supporting terrorist activities.

Pakistan has been kept in the "increased monitoring list", another name for the ''Grey List''.

The Asia Pacific Group on Money Laundering has retained Pakistan on "enhanced follow-up" status for outstanding requirements.

Indicating status quo of being on the Financial Action Task Force (FATF) "grey list", the global body against money laundering and terror financing on Thursday said Pakistan will continue to remain on increased monitoring list as there are "serious deficiencies" in checking terror financing and the country lacks an effective system to deal with it.

The move comes days after the central bank had proposed tighter, bank-like regulation of the so-called shadow lending sector to prevent the turmoil caused by the collapse of an infrastructure financing firm in 2018.

Ahead of the Financial Action Task Force (FATF) meeting in February, the United States has re-designated Pakistani terrorist groups as Lashkar-i-Jhangvi (LJ) and Lashkar-e-Taiba (LeT) as foreign terrorist organisations.

Pakistan will stay on the "grey list" of the global terror financing watchdog till February next year, the body ruled on Friday, as the country failed to meet the conditions needed for unfettered access to international funds.

As the global terror financing watchdog meets virtually for the second day on Thursday, India hopes that the international body would be able to exert pressure on Pakistan which, it says has clearly failed to crack down on terror financing and money laundering.

India expects Pakistan to remain in the "grey list" of the global money laundering and terror financing watchdog with not only more than 4,000 terrorists going missing from its records but the country also giving a pass to two of New Delhi's most wanted terrorists - Maulana Masood Azhar and Hafiz Saeed, government sources said Sunday.

Noting that Pakistan's measures against money laundering and terror financing "is not yet sufficient to justify a re-rating", a regional affiliate of the Financial Action Task Force on Monday retained the country on its ''Enhanced Follow-up'' list, according to a media report.

The Financial Action Task Force is all set to decide on Pakistan's grey list status in a virtual meeting scheduled later this month, according to a media report on Monday.

External Affairs Minister S Jaishankar on Friday said nations that have turned the "production" of terrorists into a "primary export" have attempted to paint themselves as victims of terror as he pitched for global mechanisms to dismantle the structures supporting terrorism.

US has urged Pakistan to continue working with anti terror-financing agency FATF to "swiftly complete" its 27-point action plan by demonstrating that terrorism financing probes and prosecutions target commanders of the UN-designated terror groups.

Pakistan's anti-corruption watchdog has established an anti-money laundering and terror financing cell to check financial crimes and illegal transfer of resources as the country struggled to exit from the FATF's grey list.

Terming the fight against terrorism and money laundering as its top priorities, the European Union has urged Pakistan to follow the steps outlined by the Financial Action Task Force (FATF).

India has told the UN that it has been a victim of terrorism, especially from across the border, over the last several decades and that there are countries "clearly guilty" of aiding, supporting terrorist activities.

Pakistan has been kept in the "increased monitoring list", another name for the ''Grey List''.

The Asia Pacific Group on Money Laundering has retained Pakistan on "enhanced follow-up" status for outstanding requirements.

Indicating status quo of being on the Financial Action Task Force (FATF) "grey list", the global body against money laundering and terror financing on Thursday said Pakistan will continue to remain on increased monitoring list as there are "serious deficiencies" in checking terror financing and the country lacks an effective system to deal with it.

The move comes days after the central bank had proposed tighter, bank-like regulation of the so-called shadow lending sector to prevent the turmoil caused by the collapse of an infrastructure financing firm in 2018.

Ahead of the Financial Action Task Force (FATF) meeting in February, the United States has re-designated Pakistani terrorist groups as Lashkar-i-Jhangvi (LJ) and Lashkar-e-Taiba (LeT) as foreign terrorist organisations.

Pakistan will stay on the "grey list" of the global terror financing watchdog till February next year, the body ruled on Friday, as the country failed to meet the conditions needed for unfettered access to international funds.

As the global terror financing watchdog meets virtually for the second day on Thursday, India hopes that the international body would be able to exert pressure on Pakistan which, it says has clearly failed to crack down on terror financing and money laundering.

India expects Pakistan to remain in the "grey list" of the global money laundering and terror financing watchdog with not only more than 4,000 terrorists going missing from its records but the country also giving a pass to two of New Delhi's most wanted terrorists - Maulana Masood Azhar and Hafiz Saeed, government sources said Sunday.

Noting that Pakistan's measures against money laundering and terror financing "is not yet sufficient to justify a re-rating", a regional affiliate of the Financial Action Task Force on Monday retained the country on its ''Enhanced Follow-up'' list, according to a media report.

The Financial Action Task Force is all set to decide on Pakistan's grey list status in a virtual meeting scheduled later this month, according to a media report on Monday.

External Affairs Minister S Jaishankar on Friday said nations that have turned the "production" of terrorists into a "primary export" have attempted to paint themselves as victims of terror as he pitched for global mechanisms to dismantle the structures supporting terrorism.