FATF retains Pakistan in Grey List; warns of action
Paris: Pakistan was again put on the Grey List of the international terror financing watchdog FATF, which on Friday warned Islamabad of action for its failure to combat money laundering and terror financing, officials said.
The Paris-based Financial Action Task Force (FATF) took the decision after its five-day plenary, which concluded here.
By making this decision public, the FATF has given notice to the global financial institutions that they need to prepare to red flag the jurisdiction and ready their systems for the eventuality in February 2020.
If Pakistan continues with the 'Grey List' or put in 'Dark Grey' list, it would be very difficult for the country to get financial aid from the IMF, the World Bank and the European Union, making its financial condition more precarious.
The FATF Plenary in Paris on Friday noted that Pakistan addressed only five out of the 27 tasks given to it in controlling funding to terror groups like the Lashkar-e-Taiba and Jaish-e-Mohammad, responsible for series of attacks in India.
"It was again decided by consensus that FATF would retain Pakistan on the Grey List and warn Pakistan that if it did not complete its full Action Plan and show significant and sustainable progress action will be taken," an official privy to the development said.
Such action could include calling upon global financial institutions to give special attention to business relations and transactions with Pakistan. This language is the same as used for Iran, which is already on the Black List.
The FATF discussed all jurisdictions, which are under review, including Pakistan and there was consensus on Pakistan, with its poor performance on the 27-point Action Plan, despite expiry of its 15-month timelines.
"It was noted that Pak was able to address only five out of 27 items. It was unanimously decided to express serious concern with overall lack of progress in addressing its transnational terror funding risks," the official said.
In light of the additional fact of Pakistan's poor performance on its mutual evaluation, chances of Pakistan exiting the Grey List in the next few years are now reduced to nil and the possibility of a formal Black Listing in February 2020 is now highly probable.
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.
Pakistan was placed on the Grey List by the FATF in June last year and was given a plan of action to complete it by October 2019, or face the risk of being placed on the black list with Iran and North Korea.
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Pakistan forces kill 67 Afghan Taliban personnel in overnight operations: Minister
Islamabad (PTI): Pakistan security forces killed another 67 Afghan Taliban personnel in overnight operations, repulsing their attacks at 16 locations along the southwestern border early Tuesday, officials said.
Information Minister Attaullah Tarar provided updates on the ongoing Operation Ghazab lil Haq, launched on Feb 26 in response to the Afghan Taliban raids.
Tarar said that 40 Afghan Taliban personnel were killed in overnight operations in the border region along the Khyber Pakhtunkhwa province.
“Physical attack was attempted at one place, while a fire raid was conducted on 12 locations, which were all repulsed without any loss of life,” he said in an update posted on X.
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“At least 40 Afghan Taliban were killed in the overnight operations in KP,” he said, adding that “follow-up” operations continued.
Separately, the Afghan Taliban resorted to physical attack from across the border on 16 locations in Northern Balochistan in Qilla Saifullah, Noshki and Chaman districts while engaging Pakistan troops on 25 locations in a fire raid.
“The attacks at all the locations were repulsed with Afghan Taliban suffering 27 killed and scores injured,” he said.
The minister also said that one soldier of the paramilitary Frontier Corps (FC) Balochistan North was killed while five soldiers were injured.
On Monday, the minister said in a statement that Pakistani security forces killed 435 Afghan Taliban combatants and another 630 of them were injured. He said that 188 tanks and armoured vehicles were destroyed, 31 Afghan posts were captured and 51 locations across Afghanistan were successfully targeted in air strikes.
Meanwhile, state-run PTV reported that the Pakistan armed forces successfully conducted an air operation in Afghanistan’s Nangarhar province, destroying the Khogani base.
“Fitna al-Khawarij and Afghan Taliban face massive setbacks on every front after unprovoked aggression,” PTV reported, citing sources.
It further reported that security sources said Operation Ghadab-ul-Haq is still ongoing and will continue until its objectives are achieved.
