The prospect of Pakistan being placed back on a global terrorist financing watchlist could endanger its handful of remaining banking links to the outside world, causing real financial pain to the economy just as a general election looms. Washington and its European allies have co-sponsored a motion calling for the nuclear-armed nation to be placed on a "grey list" of countries deemed to be doing too little to comply with anti-terrorist financing and anti-money laundering regulations, with a decision expected next week when member states of the Financial Action Task Force ...
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Pakistan's entry into terror grey list could snap its global banking links
Being placed on watchlist carries no direct legal implications, but brings extra scrutiny from regulators and financial institutions that can chill trade and investment
Topics
Pakistan Terror-funding
Reuters |
First Published: Fri, February 16 2018. 14:08 IST
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