FATF to keep pakistan on greylist

The financial action task force has decided to keep Pakistan on the "grey list" till October. This, after India, made a strong push to ensure that Islamabad is not taken off the list, in the light of the Pulwama terror attack.

This decision will keep international pressure on Pakistan to clean up its act on terror support and terror financing.

Pakistan has made only “limited progress” on curbing money laundering and terrorism financing, failing to show a proper understanding of the risks posed by JuD, LeT, JeM and others, the Paris-based FATF mentioned.

“Given the limited progress on action plan items… the FATF urges Pakistan to swiftly complete its action plan, particularly those with timelines of May 2019,” the FATF said in a statement.

Pakistan had to demonstrate compliance on five counts by February, but there has been negligible movement by Islamabad.