India Post News Paper

 Breaking News

Pak may be out of FATF ‘Grey List’ next month

Pak may be out of FATF ‘Grey List’ next month
January 24
11:07 2020

NEW DELHI: Pakistan may be out of the ‘Grey List’ of the international terror financing watchdog FATF next month due to the active support of China and tactical support of some Western countries, official said on Thursday.

At a meeting of the Financial Action Task Force (FATF) held in Beijing, Islamabad submitted its compliance report and got support from the FATF current chair and its “all-weather friend” China and a few Western powers.

“The next plenary of the FATF will be held in February in Paris and Pakistan needs just 12 votes out of 39 to exit the ‘Grey List’ and move to ‘White List’. There is a strong possibility of Islamabad getting enough support to exit the ‘Grey List’,” an Indian official privy to the development said.

In recent meetings of FATF, Pakistan has got support of Malaysia and Turkey besides China. If Pakistan could convince a few Western nations with their report of taking action against terrorists, the country will be out of FATF ‘Grey List’, which will be a cause of worry for India, the official said.

If Pakistan comes out of the FATF ‘Grey List’, it will be easy for the country to get financial aid from the IMF, World Bank, ADB and the European Union, helping improve its precarious financial situation.

The FATF plenary had noted in its last meeting held in October 2019 that Pakistan addressed only five out of the 27 tasks given to it in controlling funding to terror groups like the Lashkar-e-Taiba, Jaish-e-Mohammad and Hizbul Mujahideen, responsible for a series of attacks in India.

The FATF said it strongly urges Pakistan to swiftly complete its full action plan by February, 2020. In the Beijing meeting, Pakistan provided a list of its action taken to comply with the FATF diktat. Pakistan was placed on the ‘Grey List’ by the FATF in June, 2018 and was given a plan of action to complete it by October, 2019 or face the risk of being placed on the blacklist along with Iran and North Korea.

The FATF is an inter-governmental body established in 1989 to combat money laundering, terrorist financing and other related threats to the integrity of the international financial system. The FATF currently has 35 members and two regional organisations — the European Commission and Gulf Cooperation Council.

India is a member of the FATF consultations and its Asia Pacific Group and was represented in the meeting by a team of officials from the ministries of Home, External Affairs and Finance. PTI

Comments

comments

Related Articles

    Polls

    Should India Stop all the Aid to Nepal?

    Loading ... Loading ...

    E-paper Latest Edition

    ADVERTISEMENT – SHEA HOMES

    betting India

    ADVERTISEMENT – DAFABET ESPORTS

    Dafabet Gaming Portal

    ADVERTISEMENT – SEVEN JACKPOTS

    casino

    ADVERTISEMENT – BETRALLY INDIA

    betting India

    50 SPIRITUAL APPETIZERS – VINOD DHAWAN

    50-ad-Indiapost

    It’s a lovely book. It feels energetically clear and light. It’s easy to read, dip in and out and most importantly it offers information without fluff! Blessings on this project.

    Jac O’Keeffe
    Spirituality teacher based in USA.

    *Available on Amazon, Flipkart & other online stores*

    ADVERTISEMENT – JOBSORA- FIND A JOB NOW!

    Jobsora Jobs

    Follow us On Twitter

    ITC Ltd.’s Sunfeast #YiPPee! creates a d ... - https://t.co/qh6IbmQkoC Get your news featured use #IndiaPostUSA… https://t.co/lIykU61iNX
    h J R
    Court grants bail to Malaysian ... - https://t.co/lTYIS0n6cq Get your news featured use #IndiaPostUSA… https://t.co/WN549CPLNh
    h J R
    #COVID-sceptic Brazilian ... - https://t.co/olYAc3Emp9 Get your news featured use #IndiaPostUSA… https://t.co/Jw0RxAwYQx
    h J R
    Mumbai Police start probe in ... - https://t.co/blpg9zFHMt Get your news featured use #IndiaPostUSA… https://t.co/03Tl7zKyeX
    h J R

    POPULAR CATEGORIES

    Download Media Kit

    India Post Media Kit