Financial Action Task Force (FATF) has decided to continue to place Pakistan in the ‘grey list’ till June this year.
The decision was taken at the meeting of the multilateral watchdog on Thursday, Hindustan Times reported.
Pakistan should continue to work on implementing the three remaining items in its action plan to address its strategically important deficiencies, FATF said.
It said Pakistan should demonstrate that terror funding investigations and prosecutions target persons and entities acting on behalf or at the direction of designated persons or entities.
It also demanded that Pakistan should demonstrate that terror funding prosecutions result in effective, proportionate and dissuasive sanctions.
The FATF said Pakistan should also demonstrate effective implementation of targeted financial sanctions against all designated terrorists.
It noted that Islamabad has made “significant progress” on the entire action plan and has now largely addressed 24 of the 27 action items.
It gave Islamabad time till June 2021 to complete the full action plan.
