Islamabad: Pakistan has been retained in the gray list of the Financial Action Task Force (FATF) regarding terrorist funding but no new sanctions have been imposed. Sources gave this information At the same time, the FATF has demanded further tightening of laws to bring the culprits of money laundering and terror financing to Pakistan. The Express Tribune quoted the sources of the ongoing FATF meeting in Paris as saying that it “expressed satisfaction with the steps taken by Pakistan against terror financing”.
The meeting of the FATF, an organization working to stop the financial assistance to the terrorists, started in Paris from 16 February and will run till 21 February. In this, it is being reviewed to what extent Pakistan has implemented the 27-point action plan assigned to it to curb terror financing and money laundering. On this, it will depend on Pakistan to remain in the gray list of FATF or move out of it to white list or black list.
Referring to the sentence given to terrorist Hafiz Saeed, Pakistani officials said in the meeting that the judiciary in Pakistan is completely independent and decides on the merits of the case. He said that by implementing the FATF action plan, Pakistan has controlled the money laundering and terror financing to a great extent.
According to sources, the meeting was told that out of the 27 point action plan, Pakistan has fully implemented 14, partially implemented 11 while two points are such that it is not possible to implement them. Pakistani officials said that necessary amendments have been made in the laws to ensure punishment.