A deadline of ‘February 2020’ to act against terror funding: FATF to Pakistan

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Delhi:  Pakistan will remain in the “grey list” of global terror funding watchdog FATF after it was given a fresh deadline of February 2020 to act against terror funding. Islamabad got four months’ time after it was warned of action by the FATF if it fails to complete its full action plan. Pakistan is currently in the “grey list” of countries whose domestic laws are considered weak to tackle the challenges of money laundering and terrorism financing. The Paris-based Financial Action Task Force (FATF) will take a final decision on Pakistan’s position in February next year. The FATF noted that Pakistan was able to address only five out of 27 actionable items to rein in terror funding, officials said. The terror funding watchdog said there was as consensus on retaining Pakistan in the grey list based on its poor performance on the 27-point Action Plan, according to officials.