Summary:
New Delhi, Oct 21 (PTI) Pakistan will continue to be on the "Grey List" of the FATF as it needs to "further demonstrate" that action is being taken against UN-designated terrorists like India"s most wanted Hafiz Saeed and Masood Azhar, the global body against terror financing said on Thursday.
Addressing a press conference, Financial Action Task Force (FATF) president Marcus Pleyer said the decision was taken at the conclusion of the virtual plenary of the organisation.
Pakistan continues to remain on the "increased monitoring list", he said at a virtual press conference from Paris on Thursday.
Increased monitoring list is another name for the "Grey List".
Inclusion in the "Grey List" implies "strategic deficiencies" detected in a jurisdiction"s policies to prevent money laundering and the terror financing, according to an IMF working paper.
Not as severe as black listing, inclusion in the "Grey List" shows that a country is working to remove flagged deficiencies.