Tuesday, June 25, 2019 Last Updated 17 Min 17 Sec ago Malayalam Edition
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Tuesday 25 Jun 2019 03.10 PM

FATF chief hints at blacklisting of Pak for terror financing


Washington : Outgoing Financial Action Task Force (FATF) president, Marshall Billingslea, has hinted about the possibility to blacklisting Pakistan after the international financial watchdog's meeting in Paris. "Pakistan had 'significant' work to do. With regard to an action plan agreed in June 2018, they are 'lacking in almost every respect'," Billingslea said at a press briefing.

He added, "Pakistan was cautioned in February at the plenary that they had missed almost all of their January milestones. They were urged to not fail to meet the milestones in May. Unfortunately, Pakistan has yet again missed its May milestones."

FATF has come down heavily on Pakistan for its "lack" of compliance with the 26-point action plan prepared for Islamabad to demonstrate its sincerity in fighting terrorism.

Billingslea said that if Pakistan fails to implement the action plan, FATF will consider the next course of action. The FATF president said that Pakistan is far behind and there is much that the country must do by September this year.

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