October 18, 2019 (MLN): Financial Action Task Force (FATF) held its plenary meeting with Pakistan today, by the end of which it decided that the country must be given time till February to curb terror financing.

As per the media reports doing the rounds, Pakistan managed to evade being put in the blacklist by FATF, given its unrelenting efforts to control money laundering and counter-terrorism financing.

Despite considerable improvements since the last meeting, FATF expressed grave concerns on the overall performance of the country, and demanded that Pakistan must implement a full action plan to address terrorism financing risks.

It is believed that Pakistan has only managed to address 5 out of the total 27 action items recommended by the decision-making body of the FATF.

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