Pakistan will remain on the “Grey list” of the Financial Action Task Force (FATF) as it needs to further demonstrate that action is being taken against UN designated terrorists like India”s most wanted Hafiz Saeed and Masood Azhar , and groups led by them , the global body against terror financing said on Thursday .
FATF president Marcus Pleyer said the decision was taken at the conclusion of the three-day virtual plenary of the organisations. It is scheduled to meet again in April 2022 .
Pakistan continues to remain on “increased monitoring list” , Marcus said at a virtual press conference from Paris .
“Increased monitoring list” is another name for the ‘grey list’ “Pakistan has taken a number of steps but needs to further demonstrate that investigations and prosecutions are being pursued against the senior leadership of UN designated terror groups,” Marcus said .
All these changes are about helping authorities prevent terrorism , stop corruption and prevent organised criminals from profiting from their crimes ,” he added .
Pakistan was placed on the Grey list by the FATF in June 2018 from failing to check money laundering , leading to terror financing .