Newsinc24 Team 
Pakistan to remain in the FATA grey list.The watchdog on Friday announced at the conclusion of its plenary meeting that Pakistan completed 26 of the 27 action items in the action plan the country was given to implement when it was included in the grey list, or list of countries facing enhanced monitoring, in 2018. “The FATF encourages Pakistan to continue to make progress to address, as soon as possible, the one remaining item by continuing to demonstrate that [terror financing] investigations and prosecutions target senior leaders and commanders of UN-designated terrorist groups,” the organisation said in a statement.
“Pakistan should continue to work to address the one remaining item in its 2021 action plan by demonstrating a positive and sustained trend of pursuing complex [money laundering] investigations and prosecutions,” the statement added. Pakistan has repeatedly failed to do enough to investigate and prosecute top leaders of UN-designated terror groups such as Lashkar-e-Taiba (LeT) and Jaish-e-Mohammed (JeM). Though it arrested and prosecuted LeT founder Hafiz Saeed in several terror financing cases, the prosecution of other Lashkar leaders collapsed due to lack of evidence.
The statement said: “In light of the Russian Federation’s military invasion of Ukraine, the FATF…expresses its grave concern about the invasion’s impact on the money laundering, terrorist financing and proliferation financing risk environment as well as the integrity of the financial system, the broader economy and safety and security.”
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