The Intergovernmental agency Financial Action Task Force (FATF) has placed Pakistan on its grey list for terror financing on Thursday, sources said on Thursday.
The FATF is an international policy-making and standard-setting body dedicated to combating money laundering and terrorist financing.
At the Financial Action Task Force, a lot of countries have come together and they look at various nations who we believe and those other countries believe are not doing enough to crack down on terror financing.
In a big blow to Pakistan, even China didn’t support its all-weather-friend as only Turkey voted against the US’ motion.
Earlier, Pakistani Foreign Minister had tweeted that the country has been given three-month reprieve over the US-led motion in FATF. “Our efforts paid, FATF Paris 20 Feb meeting conclusion on the US-led motion to put Pakistan on a watch list – no consensus for nominating Pakistan, proposing 3months pause & asking APG for another report to be considered in June. Grateful to friends who helped,” he said.
