Pakistan`s continuation in FATF gray record vindicates India`s place: MEA

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India on Thursday mentioned that Pakistan’s continuation within the “grey list” of world terror financing watchdog, Financial Action Task Force (FATF), vindicated its place that the nation has not taken any acceptable motion in opposition to terror networks working from its soil. 

The Ministry of External Affairs (MEA) Spokesperson Anurag Srivastava throughout an internet media briefing added that Pakistan continues to be a protected haven for terrorists.

The FATF on June 24 determined to maintain Pakistan within the “grey list” until October because it has didn’t test the circulate of cash to terror teams just like the LeT and the JeM. The determination was taken on the FATF’s third and remaining plenary held nearly because of the COVID-19 pandemic.

The officers in a press assertion mentioned, “In the plenary meeting held yesterday, Pakistan`s progress on its Action Plan was not considered due to situation arising out of COVID-19, several jurisdictions including Pakistan had already been given an additional four months` time in April 2020 by the FATF.”

Islamabad is but to finish 13 out of 27 objects prompt in its FATF Action Plan. Its progress on its Action Plan can be evaluated within the subsequent assembly which shall be held in October 2020.

As per sources, Pakistan may stay within the Grey List longer than October 2020 as an on-site go to by a FATF workforce must verify the completion of the plan. 

In 2018, the FATF had positioned Pakistan on the gray record and it continues to be within the record since then because it has didn’t adjust to the duties given by the FATF to cease terror financing.