ICRG Recommends Continuation of Pakistan in Grey List

The International Co-operation Review Group (ICRG) of the Financial Action Task Force (FATF) has recommended that Pakistan be retained on the “Grey List”, given the country’s failure to completely implement the 27-point action plan to check terror financing.

Daily Current Affairs Quiz 2020

The FATF plenary held in October 2019 had noted that Pakistan addressed only five out of the 27 tasks given to it in controlling funding to terror groups like the Lashkar-e-Taiba, Jaish-e-Mohammad (JeM) and Hizbul Mujahideen, responsible for a series of attacks in India. The FATF, then, strongly urged Pakistan to swiftly complete its full action plan by February, 2020. Pakistan was placed on the grey list by the FATF in June 2018 and was given a plan of action to complete by October 2019, or face the risk of being placed on the black list with Iran and North Korea.