The International Co-operation Review Group (ICRG) of the Financial Action Task Force (FATF) announced that Pakistan will be retained on the “Grey List”. Pakistan failed to completely implement the 27-point action plan to check terror financing. The announcement was made during the five-day FATF Plenary session which is held in Paris. Pakistan Grey Listed: Pakistan was evaluated by ICRG for the steps taken by the former on the implementation of its plan of action to curb terror funding. In 2018, Pakistan was placed on the grey list by the Paris-based watchdog FATF. The country was given a plan of action to complete it by October 2019 or face the risk of being blacklisted. In the FATF review meeting that was held on 21-23 January, Pakistan submitted a 125-page report. It did not include 500 pages of annexures to show the steps that it had taken in the last six months to control terror financing. FATF in its Mutual Evaluation Report of Pakistan stated that the country had failed to take enough action to stop terror financing in the country which headquarters groups like Lashkar-e-Tayyaba, Haqqani network, and Jaish-e-Mohammed.
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