The global terror-financing watchdog Financial Action Task Force (FATF) has decided to retain the Islamic Republic of Pakistan on its grey list which is also called, "increased monitoring list", reports Times of India.
Paris-based FATF acknowledged Pakistan's "significant progress" on the 27 point action plan which it had committed to for curbing money laundering and terrorist financing and noted that it had largely addressed 24 of the 27 action items.
FATF urged the Islamic Republic to swiftly complete the implementation of the action plan before June 2021, stressing that all the action plan deadlines had already expired.
It should be noted that one of the three issues which remain unaddressed by Pakistan relates to the targeted financial sanctions against all 1,267 and 1,373 designated terrorists. This gains significance as India has maintained that Pakistan has continued to provide safe haven to the United Nations Security Council (UNSC) proscribed terrorists like Hafiz Saeed and Masood Azhar.
The anti-terror financing watchdog has reportedly decided to not go for an onsite evaluation at this stage.
As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.
Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.
We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.
Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.