Pak likely to slip into ‘black list’ of FATF: Report

Ahead of the FATF Plenary and Working Group Meetings in Paris, analysts have said that Pakistan is likely to slip into the ‘black list’ of the global anti-terrorist financing and anti-money laundering watchdog for non-compliance. Pakistan has been on the Paris-based FATF’s grey list for deficiencies in its counter-terror financing and anti-money laundering regimes since June 2018. This greylisting has adversely impacted its imports, exports, remittances, and limited access to international lending.

Since coming to power, Pakistan Prime Minister Imran Khan has been campaigning for Pakistan’s removal from the FATF’s greylisting without any success. Experts believe the Pakistani government has failed to take action against terror organizations. On the contrary, it has been capitulating before Islamist outfits such as Tehreek-e-Taliban Pakistan (TTP). In an analytical piece, Global Strat View said that decisions taken by the Pakistan government may have violated the Financial Action Task Force’s (FATF) mandates.

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