Pakistan to remain on FATF grey list till June 2021, asked to deliver 27-point action plan
Pakistan has been on the grey list by FATF since June 2018. The ruling government was given a final warning in February 2020 to complete the 27 action points by June 2020. The Financial Action Task Force, a global terror financing watchdog, on February 25, 2021, decided to retain Pakistan on its grey list till June 2021. The decision was taken after the conclusion that Islamabad has failed to address its strategically important deficiencies, for implementing the 27-point action plan that the watchdog had drawn up for Pakistan. In October 2020 the global terror financing watchdog, FATF, had asked Pakistan which has been on its grey list over issues related to terror financing, to deliver all 27 points by February 2021. The decision came on the last day of the FATF plenary, where the partner organisations, including IMF, UN, and World Bank, and governments around the world discussed terror financing issues and key money laundering. FATF directs Pakistan to complete the action plan: In