Task force on financial events (FATF), the legislation will move the country from the grey list to the white list, the foreign Minister of Pakistan Shah Mehmood Qureshi said on Wednesday.
“This legislation, the FATF will move with us to the white list from gray list,” he was quoted as saying by talking over the FATF legislation from the Parliament.
According to a report by Dawn, the government of Pakistan on Wednesday “managed to get two of the task force for financial action (FATF)-related bills passed by the National Assembly in the noisy protest of the opposition.”
Last month, India said that Pakistan continues to be in the Target group for financial action (FATF), ‘grey list’ reaffirms its position that Islamabad failed to take appropriate measures to combat terrorism financing and safe havens that exist in this country.
“Pakistan continues to be on the grey list of FATF. He has yet to show the actions for 13 of the 27 items of the action Plan with the FATF. And this despite all the completion actions are long overdue,” a spokesman for the MEA, Anurag Srivastava said.
“The continued support of Pakistan confirms our position that Pakistan has not taken adequate measures for the suppression of the financing of terrorism and the safe havens that exist in this country,” he added.
This happened after Pakistan received another extension of the grey list during the plenary sessions of the FATF.
Pakistan is likely to remain in the grey list until February 2021 even if he fulfills all of his action plan October 2020 on-site visit by a team of FATF experts should be conducted to confirm the plan.
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