Paris, Feb 22 (UNI) The anti-money laundering Financial Action Task Force (FATF) on Friday lashed out at Pakistan for 'not demonstrating' proper understanding of the terror financing risks posed by various groups including Lashkar-e-Tayyaba and Jaish-e-Mohammad and decided to retain it in the 'grey list'.
"Pakistan has revised its terrorism financing risk assessment; however, it does not demonstrate a proper understanding of the TF risks posed by Da'esh, Al Qaeda, Jamaatud Dawa, Falah-i-Insaniyat Foundation, Lashkar-e-Tayyaba, Jaish-e-Muhammad, the Haqqani Network, and persons affiliated with the Taliban," the FATF said in a statement after its week-long plenary session here.
In what is seen as a setback to the Imran Khan-led regime, the Paris-based body - which had placed Pakistan on a money laundering “grey list” early in 2018 - but given it time to take action before a further downgrade.