Close on the heels of terror financing watchdog Financial Action Task Force directing Pakistan to complete its actions by October 2019, India on Saturday said it ‘expects’ its western neighbour to take all necessary steps to “effectively implement” the action plan fully within the remaining time frame.
In response to a query regarding the latest FATF report, MEA spokesperson Raveesh Kumar said:
“We expect Pakistan to take all necessary steps to effectively implement the FATF Action Plan fully within the remaining time frame that is by September 2019 in accordance with its political commitment to the FATF and take credible, verifiable, irreversible and sustainable measures to address global concerns related to terrorism and terrorist financing emanating from any territory under its control”.
The FATF has decided to continue to keep Pakistan on its compliance document (Grey List) for the FATF’s International Co-operation Review Group (ICRG) monitoring for its failure to complete the action plan items due in January and May 2019.
In a statement on Friday, the FATF has cautioned Pakistan that if it fails to take actions, “the the FATF will decide the next step at that time for insufficient progress”.
“The FATF expresses concern that not only did Pakistan fail to complete its action plan items with January deadlines, it also failed to complete its action plan items due May 2019. The FATF strongly urges Pakistan to swiftly complete its action plan by October 2019 when the last set of action plans are set to expire. Otherwise, the FATF will decide the next step at that time for insufficient progress,” the FATF statement said.
