ISLAMABAD: The Foreign Office (FO) has confirmed that Pakistan would be placed on the global terror financing watch-list of the Financial Action Task Force (FATF) in June this year.
Pakistan is going back on the FATF ‘s “grey list” as the United States has persuaded China and Saudi Arabia to drop support in favour of Pakistan.
“Pakistan will be placed on the ‘grey-list’ in June, once an Action Plan has been mutually negotiated,” said the FO spokesperson Muhammad Faisal.
However, he rejects the statements about the placement of Pakistan on the blacklist. “The FATF website clearly demarcates the countries in ‘black’ list, as those who are non-cooperative,” Faisal said.
The FATF highlighted certain deficiencies in the Anti-Money Laundering and Countering of Terrorist Financing (AML/CFT) framework of the country, he added while responding to a question regarding demands made by the task force.
According to the FO spokesperson, Pakistan is ready to address the FATF concerns.
The list now includes nine countries Ethiopia, Yemen, Iraq, Syria, Serbia, Sri Lanka, Trinidad and Tabago, Vanuatu and Tunisia.
