Watchdog: Pakistan Could Still Be Placed on Blacklist
Pakistan could still be placed on the blacklist of the Financial Action Task Force (FATF), a global watchdog monitoring terror financing and money laundering around the world, its president said last week. Marshall Billingslea, the president of FATF, said Pakistan could still be placed on its blacklist for allegedly not taking adequate action against terror financing and money laundering in the country. “There absolutely a possibility [of Pakistan being blacklisted, but again I would not because that’s a decision for a future plenary,” Billingslea said in response to a question posed by a Voice of America reporter in Orlando, Florida, where the body convened for its recent meeting. “The period for the action plan has not expired. The next plenary is in October and Pakistan would be assessed,” Billingslea added. On the gray list Pakistan has been in the watchdog’s gray list since June 2018 for its alleged failure to adequately crackdown on terror financing and money laundering in the country. That decision was made in March 2018 in Paris where representatives of different member countries and international organizations met to discuss the global issue of money laundering and financial crimes. The designation at the time reportedly followed a motion …