No blacklisting by FATF yet

No blacklisting by FATF yet

FPJ News ServiceUpdated: Wednesday, May 29, 2019, 02:02 AM IST
article-image
Photo Credit: Twitter |

PARIS: The international terror financing watchdog – the Financial Action Task Force – on Friday strongly condemned the Pulwama attack and said Pakistan has failed to demonstrate a proper understanding on funding of terrorist groups such as Jaish-e-Mohammad and Lashkar-e-Taiba. The FATF also said Pakistan should continue to work on implementing its action plan to address its strategic deficiencies.

This essentially means that Pakistan would remain on the FATF ‘grey list’, making it hard for the country to get international loans. But there will be no blacklisting of Pakistan yet. Blacklisting will prevent institutions like IMF from financially supporting Pakistan that it can ill-afford at this time. If there is no action on ground, India is hoping that it can ultimately build enough pressure to push for Pakistan’s blacklisting later this year.

RECENT STORIES

Canada: Rude Customer Abuses Indian-Origin Pizza Delivery Man In Toronto; Video Sparks Outrage

Canada: Rude Customer Abuses Indian-Origin Pizza Delivery Man In Toronto; Video Sparks Outrage

Paris Viral Video: High Voltage Drama At Charles de Gaulle Airport As Migrants Protest Against...

Paris Viral Video: High Voltage Drama At Charles de Gaulle Airport As Migrants Protest Against...

Pakistan Horror: Man Strangulates Sister To Death In Family's Presence; Shocking Crime...

Pakistan Horror: Man Strangulates Sister To Death In Family's Presence; Shocking Crime...

Baltimore Bridge Collapse: Racist Posts Target Indian Crew On Social Media Following Collision

Baltimore Bridge Collapse: Racist Posts Target Indian Crew On Social Media Following Collision

'Undoubtedly Saved Lives': US Prez Joe Biden Lauds Quick Action By Indian Crew Members In Baltimore...

'Undoubtedly Saved Lives': US Prez Joe Biden Lauds Quick Action By Indian Crew Members In Baltimore...