New Delhi: After the Pulwama Suicide Attack last week that has killed 40 CRPF Jawans in India, the Financial Action Task Force (FATF) has decided to continue keeping Pakistan on its ‘Grey list’ which makes it difficult for Pakistan to get loans from international lending agencies.
Headquartered in Paris, FATF is an inter-governmental body with 38 countries on board which functions to stop terror financing among various other objectives. It has previously placed Pakistan on the ‘grey list’ in June last year, NDTV reports.
According to sources, the body will be reviewing Pakistan’s commitments to crack down the terror financing in the month of June and October this year, failing to meet the targets, the country shall be blacklisted.
“A dossier, nailing the culpability of Pakistan in the terror attack in Pulwama, will be given to the FATF,” a senior intelligence official said two days after the Pulwama Attack.
India plans on informing the FATF of how Pakistani agencies are providing funds to the Pakistan-based Jaish-e-Mohammed that has claimed responsibility for the Pulwama attack.
Blacklisting by FATF means the concerned country is “non-cooperative” in the global fight against money laundering and terrorist financing which would also make it difficult for the country to get loans from international money lenders like International Monetary Fund, World Bank, Asian Development Bank, and European Union.