Khawaja Asif claims FATF gave three month reprieve to Pakistan

Islamabad: Pakistan has been given a three-month reprieve by a global watchdog over a US-led motion to put the country on a terrorist financing watch list, Foreign Minister Khawaja Asif claimed late on Tuesday through his twitter account.

Member states of the Financial Action Task Force (FATF) have been meeting this week in Paris, where it was expected that they would decide on a US motion — backed by Britain, France and Germany — to have Pakistan added to the so-called ‘grey list’ of countries not doing enough to comply with terrorist-funding regulations.

Mr Asif tweeted that Pakistan’s “efforts have paid (off)” during a Tuesday meeting on the US-led motion, suggesting there was “no consensus for nominating Pakistan”. He also suggested the meeting proposed a “three months pause” and asked for the Asia Pacific Group, which is part of FATF, to consider “another report in June”. Grateful to friends who helped,” Mr Asif added.

In Washington, a State Department official, speaking on condition of anonymity, could not confirm that FATF deferred action for three months, pointing out that the organization’s deliberations are confidential until it makes them public, reported by Reuters.

The international community continues to have concerns about deficiencies in Pakistan’s anti-money laundering and counter-terrorism financing system even though Islamabad has begun taking steps to address the flaws, said the State Department official without elaborating.

Pakistan earlier this year submitted a report about the progress it had made in curbing terrorist financing, but Washington submitted its motion before the Pakistan report could be discussed at the Paris hearing.

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