{"id":115047,"date":"2021-06-28T11:20:35","date_gmt":"2021-06-28T05:50:35","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=115047"},"modified":"2021-07-01T11:46:04","modified_gmt":"2021-07-01T06:16:04","slug":"pakistan-to-remain-on-fatf-greylist","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/pakistan-to-remain-on-fatf-greylist\/","title":{"rendered":"Pakistan to remain on FATF greylist"},"content":{"rendered":"\n<h5><b><span data-contrast=\"none\">What is the News?<\/span><\/b><span data-contrast=\"none\">\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/h5>\n<p><span data-contrast=\"none\">The Financial Action Task Force (FATF) has decided to keep Pakistan in its \u201cgrey list\u201d.<\/span><span data-contrast=\"none\">\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><b><span data-contrast=\"none\">Background:<\/span><\/b><span data-contrast=\"none\">\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<ul>\n<li data-leveltext=\"\u00b7\" data-font=\"Symbol\" data-listid=\"35\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><b><span data-contrast=\"none\">The FATF\u00a0<\/span><\/b><span data-contrast=\"none\">had issued the 27-point action plan after placing Pakistan on the \u2018Grey List\u2019 in 2018.The action plan pertains to\u00a0stop\u00a0money laundering and terror financing.<\/span><span data-contrast=\"none\">\u00a0<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<\/ul>\n<h5><b><span data-contrast=\"none\">What is the status of the 27-point action plan?<\/span><\/b><span data-contrast=\"none\">\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/h5>\n<ul>\n<li data-leveltext=\"\u00b7\" data-font=\"Symbol\" data-listid=\"36\" aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"1\"><b><span data-contrast=\"none\">Pakistan has completed<\/span><\/b><span data-contrast=\"none\">\u00a0around 26 of the 27 items given to it in the 2018 action plan to combat terror-financing.\u00a0<\/span><span data-contrast=\"none\">\u00a0<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\u00b7\" data-font=\"Symbol\" data-listid=\"36\" aria-setsize=\"-1\" data-aria-posinset=\"3\" data-aria-level=\"1\"><b><span data-contrast=\"none\">However,\u00a0<\/span><\/b><span data-contrast=\"none\">\u00a0Pakistan couldn&#8217;t exit the grey list\u00a0due to one remaining item. It has failed to\u00a0demonstrate that terror-financing investigations and prosecutions target senior leaders and commanders of UN designated terrorist groups.<\/span><span data-contrast=\"none\">\u00a0<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<\/ul>\n<h5><b><span data-contrast=\"none\">About\u00a0<\/span><\/b><a href=\"https:\/\/forumias.com\/blog\/financial-action-task-force-fatf\/\"><b><span data-contrast=\"none\">Financial Action Task Force (FATF)<\/span><\/b><\/a><b><span data-contrast=\"none\">:\u00a0<\/span><\/b><span data-contrast=\"none\">\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/h5>\n<ul>\n<li data-leveltext=\"\u00b7\" data-font=\"Symbol\" data-listid=\"38\" aria-setsize=\"-1\" data-aria-posinset=\"4\" data-aria-level=\"1\"><b><span data-contrast=\"none\">The FATF<\/span><\/b><span data-contrast=\"none\">\u00a0is an inter-governmental body established in 1989 during the G7 Summit in Paris.\u00a0<\/span><span data-contrast=\"none\">\u00a0<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\u00b7\" data-font=\"Symbol\" data-listid=\"38\" aria-setsize=\"-1\" data-aria-posinset=\"5\" data-aria-level=\"1\"><b><span data-contrast=\"none\">Its Secretariat\u00a0<\/span><\/b><span data-contrast=\"none\">is located at the\u00a0Organisation\u00a0for Economic Cooperation and Development (OECD) headquarters in Paris.\u00a0<\/span><span data-contrast=\"none\">\u00a0<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\u00b7\" data-font=\"Symbol\" data-listid=\"38\" aria-setsize=\"-1\" data-aria-posinset=\"6\" data-aria-level=\"1\"><b><span data-contrast=\"none\">Members:\u00a0<\/span><\/b><span data-contrast=\"none\">There are currently 39 members of the FATF; 37 jurisdictions and 2 regional\u00a0organisations\u00a0(the Gulf Cooperation Council and the European Commission).<\/span><span data-contrast=\"none\">\u00a0<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<\/ul>\n<h5><b><span data-contrast=\"none\">Listing by FATF:<\/span><\/b><span data-contrast=\"none\">\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/h5>\n<ul>\n<li data-leveltext=\"\u00b7\" data-font=\"Symbol\" data-listid=\"39\" aria-setsize=\"-1\" data-aria-posinset=\"7\" data-aria-level=\"1\"><b><span data-contrast=\"none\">Grey List<\/span><\/b><span data-contrast=\"none\">: Countries that are considered a safe haven for supporting terror funding and money laundering are put in the grey list.\u00a0<\/span><span data-contrast=\"none\">\u00a0<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li data-leveltext=\"o\" data-font=\"&quot;Courier New&quot;\" data-listid=\"40\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"none\">This inclusion serves as a warning to the country that it may enter the blacklist.<\/span><span data-contrast=\"none\">\u00a0<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"o\" data-font=\"&quot;Courier New&quot;\" data-listid=\"40\" aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"none\">The\u00a0greylisting\u00a0carries no legal\u00a0sanctions. But\u00a0it attracts economic sanctions and restricts a country\u2019s access to international loans<\/span><span data-contrast=\"none\">\u00a0<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li data-leveltext=\"\u00b7\" data-font=\"Symbol\" data-listid=\"41\" aria-setsize=\"-1\" data-aria-posinset=\"8\" data-aria-level=\"1\"><b><span data-contrast=\"none\">Black List:<\/span><\/b><span data-contrast=\"none\">\u00a0Countries known as Non-Cooperative are put in the blacklist. These countries support terror funding and money laundering activities.<\/span><span data-contrast=\"none\">\u00a0<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><b><span data-contrast=\"none\">Source:\u00a0<\/span><\/b><a href=\"https:\/\/www.thehindu.com\/news\/international\/pakistan-to-stay-on-fatf-greylist\/article34972900.ece\"><b><span data-contrast=\"none\">The Hindu<\/span><\/b><\/a><b><span data-contrast=\"none\">,\u00a0<\/span><\/b><a href=\"https:\/\/timesofindia.indiatimes.com\/world\/pakistan\/pakistan-fails-fatf-test-to-stay-on-terror-watchdogs-grey-list\/articleshow\/83859944.cms\"><b><span data-contrast=\"none\">TOI<\/span><\/b><\/a><span data-contrast=\"none\">\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>What is the News?\u00a0\u00a0 The Financial Action Task Force (FATF) has decided to keep Pakistan in its \u201cgrey list\u201d.\u00a0\u00a0 Background:\u00a0\u00a0 The FATF\u00a0had issued the 27-point action plan after placing Pakistan on the \u2018Grey List\u2019 in 2018.The action plan pertains to\u00a0stop\u00a0money laundering and terror financing.\u00a0\u00a0 What is the status of the 27-point action plan?\u00a0\u00a0 Pakistan has&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/pakistan-to-remain-on-fatf-greylist\/\">Continue reading <span class=\"screen-reader-text\">Pakistan to remain on FATF greylist<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,164,9],"tags":[],"class_list":["post-115047","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-international-relations-daily-factly-articles","category-public","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704846484},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/115047","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=115047"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/115047\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=115047"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=115047"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=115047"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}