Islamabad: Pakistan has found itself in a tight spot after the Financial Action Task Force (FATF) asked the Islamic country to act against members of proscribed terror organizations and also sought details of the measures taken by the government to regulate madrasas.
If Pakistan do not comply with the orders of FATF, which is an international organization monitoring terror funding, the country will be placed in the blacklist. The country is currently in the grey list, which makes it harder for Pakistan to get funding from other countries or organizations. With a failing economy, the country is struggling to keep afloat.
FATF has sought copies of the FIRs filed against individuals of the banned organizations. The international organization has also sent a questionnaire to a report that Pakistan had submitted to it.
The response that Pakistan gives to the questionnaire will decide if FATF will remove the country form the grey list or not. Pakistan is expected to report about its effort to tackle money laundering and terror funding. It is also expected to report about the country’s effort to curb illegal cross border money movement.
The FATF has kept Pakistan in the grey list till February, 2020 and warns that the country will be blacklisted if the 22 out of 27 action plans is not met by the country.