{"id":6562,"date":"2020-02-25T16:52:40","date_gmt":"2020-02-25T11:22:40","guid":{"rendered":"https:\/\/triumphias.com\/blog\/?p=6562"},"modified":"2020-02-25T17:07:09","modified_gmt":"2020-02-25T11:37:09","slug":"pakistan-maintained-on-grey-list-of-fatf","status":"publish","type":"post","link":"https:\/\/triumphias.com\/blog\/pakistan-maintained-on-grey-list-of-fatf\/","title":{"rendered":"Pakistan maintained on grey list of FATF"},"content":{"rendered":"<p><span style=\"color: #0000ff;\"><strong>Relevance: Prelims\/Mains: G.S paper II: Polity: International Relations<\/strong><\/span><\/p>\n<p><a href=\"https:\/\/triumphias.com\/blog\/wp-content\/uploads\/2020\/02\/fatf-financial-action-task-force-l.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-6564\" src=\"https:\/\/triumphias.com\/blog\/wp-content\/uploads\/2020\/02\/fatf-financial-action-task-force-l-1024x768.jpg\" alt=\"\" width=\"810\" height=\"608\" srcset=\"https:\/\/triumphias.com\/blog\/wp-content\/uploads\/2020\/02\/fatf-financial-action-task-force-l.jpg 1024w, https:\/\/triumphias.com\/blog\/wp-content\/uploads\/2020\/02\/fatf-financial-action-task-force-l-150x113.jpg 150w, https:\/\/triumphias.com\/blog\/wp-content\/uploads\/2020\/02\/fatf-financial-action-task-force-l-300x225.jpg 300w, https:\/\/triumphias.com\/blog\/wp-content\/uploads\/2020\/02\/fatf-financial-action-task-force-l-768x576.jpg 768w, https:\/\/triumphias.com\/blog\/wp-content\/uploads\/2020\/02\/fatf-financial-action-task-force-l-880x660.jpg 880w\" sizes=\"auto, (max-width: 810px) 100vw, 810px\" \/><\/a><span style=\"color: #ff0000;\"><strong>Why in news?<\/strong><\/span><\/p>\n<ul>\n<li>Pakistan has been retained on the \u201cgrey list\u201d of the Financial Action Task Force (FATF) for another four months, with a stern warning from the global watchdog that met in Paris (February 19-21) to complete the 27-point action plan it has been given by June 2020 or face being put on the \u201cblack list\u201d.<\/li>\n<\/ul>\n<p><span style=\"color: #ff0000;\"><strong>Key highlights:<\/strong><\/span><\/p>\n<ul>\n<li><strong>According to the FATF summary report,<\/strong> Pakistan needs to continue to work on eight specific areas, including demonstrating it is \u201cidentifying and investigating\u201d all terror financing activity in the country, freezing the funds of all designated terrorists and that its prosecutions result in \u201ceffective, proportionate and dissuasive sanctions\u201d against all terror entities in Pakistan.<\/li>\n<li>Pakistan was given a deadline of September 2019 to complete the tasks that included shutting down all access to funding of United Nations Security Council designated terrorist groups, including the Taliban, al-Qaeda, Lashkar-e-Taiba and the Jaish-e-Mohammad and prosecuting their leadership for any access to finance, as well as tightening laws and banking security norms that deal with them.<\/li>\n<li>In November 2019, after Pakistan was judged to have complied with only four points of the action plan, the FATF extended the deadline to February, where its statement noted it had been cleared of 14 points.<\/li>\n<li>The FATF urged Pakistan to<strong> \u201cswiftly complete\u201d<\/strong> the remainder of the list.<\/li>\n<\/ul>\n<p><a href=\"https:\/\/triumphias.com\/blog\/wp-content\/uploads\/2020\/02\/Fatf-fina.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-6563\" src=\"https:\/\/triumphias.com\/blog\/wp-content\/uploads\/2020\/02\/Fatf-fina.jpg\" alt=\"\" width=\"461\" height=\"384\" srcset=\"https:\/\/triumphias.com\/blog\/wp-content\/uploads\/2020\/02\/Fatf-fina.jpg 461w, https:\/\/triumphias.com\/blog\/wp-content\/uploads\/2020\/02\/Fatf-fina-150x125.jpg 150w, https:\/\/triumphias.com\/blog\/wp-content\/uploads\/2020\/02\/Fatf-fina-300x250.jpg 300w\" sizes=\"auto, (max-width: 461px) 100vw, 461px\" \/><\/a><\/p>\n<p><span style=\"color: #ff0000;\"><strong>About:<\/strong><\/span><\/p>\n<ul>\n<li>The \u201cblack list\u201d refers to countries for who there has been a \u201ccall to action\u201d or strict banking and international finance<br \/>\nsanctions, a list which at present includes Iran and North Korea.<\/li>\n<\/ul>\n<p><span style=\"color: #ff0000;\"><strong>Background:<\/strong><\/span><\/p>\n<ul>\n<li>Pakistan is one of the 12 countries on the \u201cgrey list\u201d or \u201cother monitored jurisdictions\u201d that are being reviewed for actions to stop terror financing and money laundering.<\/li>\n<li>Pakistan has been lobbying to get off the grey list, citing actions already taken, and reportedly has the backing of Turkey to be removed from the list entirely.<\/li>\n<li>Indian government officials said placing Pakistan on the black list might prove counter-productive, as it would not be incentivised to complete the action plan under a deadline.<\/li>\n<li><strong>Pakistan has been on the grey list in the past as well, including between 2012-2015, after which it was taken off the watch list until 2018.<\/strong><\/li>\n<\/ul>\n<p><span style=\"color: #0000ff;\"><strong>For more such notes, Articles, News &amp; Views Join our Telegram Channel.<\/strong><\/span><\/p>\n<p><a title=\"Telegram Link\" href=\"https:\/\/t.me\/triumphias\" target=\"_blank\"><span style=\"color: #ff0000;\"><strong>https:\/\/t.me\/triumphias<\/strong><\/span><\/a><\/p>\n<p><strong><span style=\"color: #0000ff;\">Click the link below to see the details about the UPSC \u2013Civils courses offered by Triumph IAS.<\/span> <span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" title=\"Courses available\" href=\"https:\/\/triumphias.com\/pages-all-courses.php\">https:\/\/triumphias.com\/pages-all-courses.php<\/a><\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Relevance: Prelims\/Mains: G.S paper II: Polity: International Relations Why in news? Pakistan has been retained on the \u201cgrey list\u201d of<\/p>\n","protected":false},"author":1,"featured_media":3530,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[123,18],"tags":[392],"class_list":["post-6562","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs","category-general-studies-ii","tag-union-public-service-commission-upsc"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/posts\/6562","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/comments?post=6562"}],"version-history":[{"count":4,"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/posts\/6562\/revisions"}],"predecessor-version":[{"id":6568,"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/posts\/6562\/revisions\/6568"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/media\/3530"}],"wp:attachment":[{"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/media?parent=6562"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/categories?post=6562"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/tags?post=6562"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}