E-Paper

UAE

Life and Living

World

Opinion

Business

Sports

Entertainment

Dubai World Cup

lifestyle

Travel

Reviews

Brands

Supplements

KT Events

KT APPDOWNLOAD

Curb terror funding by October: FATF warns Pakistan

Top Stories

UAE announces 2-month grace period for residence visa violators

UAE announces fee refund for tax service charges from August 1

Paid parking in Dubai: Residents face up to Dh4,000 extra yearly costs when new rates kick in
Pakistans Prime Minister Imran Khan.-AP
Pakistan's Prime Minister Imran Khan.-AP

Paris - Pakistan has been already put by the Financial Action Task Force on the "grey list" of countries.

By IANS

  • Follow us on
  • google-news
  • whatsapp
  • telegram

Published: Sat 22 Jun 2019, 9:00 AM

Last updated: Sat 22 Jun 2019, 3:51 PM

The Financial Action Task Force (FATF) has warned Pakistan to improve its counter-terror financing operations in line with an internationally agreed action plan by October or face action, sources said.
The FATF also expressed its concerns over Pakistan's failure to complete the action plan first by a January deadline, and again by May.
"The FATF strongly urges Pakistan to swiftly complete its action plan by October 2019 when the last set of action plan items are set to expire," the FATF said in a statement on Friday.
"Otherwise, the FATF will decide the next step at that time for insufficient progress," the statement added.
Pakistan has been already put by the FATF on the "grey list" of countries with insufficient controls to tackle money laundering and terror financing.


More news from