Committed to implement FATF action plan: Pak

October 19, 2019 09:03

Pakistan on Friday said it is committed to implement the action plan of the Financial Action Task Force (FATF) after the international terror financing watchdog put Islamabad on notice, warning that the country will be blacklisted if it does not control terror funding by February next.

The FATF voiced serious concern over Pakistan's failure to deliver on most of its 27 targets.

The Ministry of Finance in a statement said Pakistan's delegation at the FATF reaffirmed its political commitment to fully implement the action plan.

The Pakistan officials also held sideline meetings with various delegations and briefed them about the progress on the FATF action plan and steps taken for strengthening its AML/CFT framework, it said.

The Paris-based FATF gave the warning to Pakistan at its five-day plenary which concluded in the French capital on Friday while deciding to again put the country on the 'Grey List'.

By making this decision on Pakistan public, the FATF has given notice to the global financial institutions that they need to prepare to red flag the jurisdiction and ready their systems in February 2020 if the country falters in meeting the targets. -- PTI

« Back to LIVE

TOP STORIES

Top Mumbai school axes principal over social media activities

Shaikh, the principal of Somaiya School in Mumbai's Vidyavihar area, described her "termination" from the post as "completely illegal, drastic and unwarranted" and expressed shock over the "politically motivated" action.

Glorification of violence: India slams Canada over Khalistani float in parade

India also accused Canada of allowing "celebration and glorification" of violence, expressing concerns over the security of Indian diplomats in that country, and said it expects Ottawa to ensure that they are able to carry out their...

Mayawati sacks nephew Akash as party co-ordinator, heir

Announcing it on X, the former Uttar Pradesh chief minister said she has taken the decision in the interest of the party and the movement and till the time Anand gains "full maturity".

In Pictures - Modi to Kharge, famous faces at polling booths

Prime Minister Narendra Modi, Union home minister Amit Shah, Congress president Mallikarjun Kharge, and Nationalist Congress Party-Sharadchandra Pawar supremo Sharad Pawar were among the famous faces who queued up at the polling booths...

IPL PIX: Samson sizzles, but Royals lose to DC

Sanju Samson's entertaining half-century went in vain as Rajasthan Royals suffered a 20-run defeat against Delhi Capitals.