India News | Pakistan to Remain on 'Grey List' of Global Terror Financing Watchdog FATF
Get latest articles and stories on India at LatestLY. Pakistan will continue to be on the 'Grey List' of the FATF as it needs to "further demonstrate" that action is being taken against UN-designated terrorists like India's most wanted Hafiz Saeed and Masood Azhar, and groups led by them, the global body against terror financing said on Thursday.
New Delhi, Jun 25 (PTI) Pakistan will continue to be on the 'Grey List' of the FATF as it needs to "further demonstrate" that action is being taken against UN-designated terrorists like India's most wanted Hafiz Saeed and Masood Azhar, and groups led by them, the global body against terror financing said on Thursday.
Addressing a press conference, Financial Action Task Force (FATF) president Marcus Pleyer said the decision has been taken at the conclusion of the virtual plenary of the organisation.
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On the action plan of Pakistan, Paris-based FATF requires it to demonstrate terror financing investigation and prosecution of leaders and commanders of UN-designated terrorist groups and their associates, Pleyer said.
Pakistan continues to remain on "increased monitoring list", he said at a virtual press conference from Paris.
"Increased monitoring list" is another name for the 'Grey List'.
"Pakistan has taken a number of important steps but needs to "further demonstrate that investigations and prosecutions are being pursued against the senior leadership of UN-designated terror groups," the president of the global body against money laundering and terror financing said.
"All these changes are about helping authorities prevent terrorism, stop corruption and prevent organised criminals from profiting from their crimes," he said.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)