New Delhi (NVI) : Global anti-terror watchdog Financial Action Task Force (FATF) today put Pakistan on notice as it warned of action if it fails to prosecute and penalise on terror funding acts by June this year.
Pakistan is already in ‘Grey’ list (implying watchlist) and further action will be placing it in the ‘Black’ list. If that happens, Pakistan will be barred from aid or loan from international institutions like World Bank and IMF.
After a four-day meeting, the FATF said today that all deadlines given to Pakistan to check terror-funding had ended and it failed to complete its action plan in line with agreed timeline.
Pakistan failed to check terror-funding risks emanating from its jurisdiction, it said in a statement.
The FATF said Pakistan, till now, has largely addressed only 14 of 27 action items.
