US movement to put Pakistan on terror financing watchlist fails amid department
A US-sponsored decision to recollect setting Pakistan on a watchlist of nations that financially resource terrorism remained inconclusive after a meeting of the financial action project pressure (FATF) concluded on “no consensus”, overseas Minister Khawaja Asif knowledgeable past due Tuesday.
The minister showed on Twitter that “no consensus [could be reached] for nominating Pakistan” to be added to the FATF’s listing of nations that monetarily assist terrorism.
FATF is a international frame that combats terrorist financing and cash laundering. Pakistan has been scrambling in latest months to avoid being introduced to a list of countries deemed non-compliant with anti-money laundering and terrorist financing policies by means of the FATF, a degree that officials worry could harm its economic system.
FATF member states have been meeting this week in Paris, wherein it changed into anticipated that they could decide on the us movement, sponsored with the aid of Britain, France and Germany, to have Pakistan brought to the so-known as “grey list” of nations which are not doing enough to comply with terrorist-funding regulations.