FATF Sets 4-Month Deadline for Pakistan to Curb Terror Funding

0

Oct. 18/2019 – The Financial Action Task Force (FATF), the global watchdog for terror funding and money laundering, flayed Pakistan for failing to meet as many as 27 targets set earlier. The body threatened the country to blacklist if it becomes unable to fix the systems regarding spending on terror activities within the next four months, sources said.

The FATF urges Pakistan to complete its action plan anyhow by February 2020. If the monitoring agency would not notice significant development in this matter, it will be forced to ask the members to contain their transaction with Pakistan as a result of penalty. 

According to experts, if the terrorist breeding nation gets blacklisted, its financial situation would be ruined up completely. At present, Iran is in the blacklist group of the anti-terror body. 

Share.

About Author

Leave A Reply