In its final report on whether to blacklist Pakistan, the Financial Action Task Force (FATF) on Friday said the country should swiftly complete its full action plan against active terror groups by February 2020. The Imran Khan-led country would face action by the FATF if significant progress is not made across the action plan it said.
"Strongly urge Pakistan to swiftly complete its full action plan by February 2020. The country would face action if significant and sustainable progress is not made across the full range of its action plan by next Plenary," the FATF said.
FATF was to make a formal announcement on whether to blacklist Pakistan or to keep it on its grey list. Earlier on Tuesday, the Paris-based terror financing watchdog had decided to keep the Imran Khan-led country on its grey list till February next year. The FATF had also directed the country to take "extra measures" for the "complete elimination" of terror financing and money laundering.
The meeting of the international watchdog reviewed the measures taken by Pakistan to control money laundering and terror financing, on which it observed that Islamabad will have to take further steps on the two parameters in these four months.
The watchdog had placed Pakistan on the grey list in June 2018 and was given 15 months to complete implementation of a 27-point action plan, failing which it be placed in the blacklist along with Iran and North Korea.
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