The Financial Action Task Force (FATF) kept Pakistan on its ‘grey list’, giving it four more months – June 20, 2021 – to complete its full action plan. Currently Pakistan has completed 24 of the 27 requirements.
The FATF President Dr. Marcus Pleyer said that Pakistan had made progress across all action plan items and it has now largely addressed 24 out of 27 items of the action plan. As all action plan deadlines have expired, FATF strongly urges Pakistan to swiftly complete its full action plan before June 2021. Pakistan would not be on the agenda of the FATF’s April Plenary. Pakistan should continue to work on implementing the three remaining items in its action plan to address its strategically important deficiencies, namely by:
1. demonstrating that TF [terror financing] investigations and prosecutions target persons and entities acting on behalf or at the direction of the designated persons or entities
2. demonstrating that TF prosecutions result in effective, proportionate and dissuasive sanctions: and
3. demonstrating effective implementation of targeted financial sanctions against all 1267 and 1373 designated terrorists, specifically those acting for or on their behalf.
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