Pakistan is currently placed on the FATF’S ‘grey list’. (File photo)
Pakistan has submitted a comprehensive 26-point action plan to the Financial Action Task Force or FATF to choke the funding of terrorist groups, including Mumbai attack mastermind Hafiz Saeed-led JuD and its affiliates, to avoid being blacklisted by it, according to a media report.
The FATF is an inter-governmental body established in 1989 to combat money laundering, terrorist financing and other related threats to the integrity of the international financial system.
Currently placed on the FATF’S ‘grey list’, Pakistan has been scrambling in recent months to avoid being added to a list of countries deemed non-compliant with anti-money laundering and terrorist financing regulations by the FATF, a measure that officials here fear could hurt its economy, which is already under strain.
Discussion started yesterday at the FATF plenary in Paris on Pakistan’s 26-point action plan spanning over a period of 15 months, the Express Tribune reported.
Quoting sources in the Ministry of Finance, the paper said that Pakistan’s plan envisages choking the financing of terrorist groups like Da’esh (ISIS), Al Qaeda, Jamaat-ud Dawa and its affiliates Falah-e-Insaniyat Foundation (FIF) and Lashkar-e-Taiba (LeT), Jaish-e-Mohammad (JeM), the Haqqani Network and persons affiliated with the Taliban.
A formal announcement about Pakistan’s status is expected on Friday. This is for the first time that all 26 actions have been…