New Delhi:
Indicating status quo of becoming on the Financial Action Task Force (FATF) “grey list”, the worldwide body against revenue laundering and terror financing on Thursday mentioned Pakistan will continue to stay on enhanced monitoring list as there are “serious deficiencies” in checking terror financing and the nation lacks an helpful program to deal with it.
After its meeting, Marcus Pleyer, president of the Paris-based FATF, mentioned the deadline offered to Pakistan has currently expired and asked Islamabad to address their issues “as quickly as possible”.
“To date, Pakistan has made progress across all action plan items and has now largely addressed 24 of the 27 action items. As all action plan deadlines have expired,” Mr Pleyer mentioned in Paris at the finish of its plenary session.
There is significant deficiency on the element of Pakistan in checking terror financing and the nation is however to demonstrate taking action against the UN designated terrorists and their associates, he mentioned.
He mentioned Pakistan courts will have to give helpful, decisive and proportionate punishment to these involved in terrorism, a statement which comes close on the heels of Pakistan Supreme Court acquittal of terrorist Omar Saeed Sheikh, the key accused in the 2002 murder of American journalist Daniel Pearl.
He mentioned that Pakistan will have to comprehensive 3 unfulfilled tasks and as soon as it is completed, the FATF will confirm and take a choice on its present status in the next plenary to be held in June.