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India’s efforts to “drive Pakistan into FATF blacklist” will Fail!

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FATF blacklist! India’s efforts to “drive Pakistan into the blacklist” of the Financial Action Task Force ( FATF) will collapse on Friday, Foreign Minister Shah Mehmood Qureshi said, due to the measures the country has taken to fulfill the criteria of the global money laundering and terrorist funding watchdog.

Hours before the FATF is scheduled to announce whether Pakistan will stay on its ‘yellow list’ or whether the country has done enough to resolve shortcomings in its anti-money laundering and counter-terrorist funding regimes, he spoke to reporters in Islamabad.

The decision will be made at the end of a three-day virtual general meeting of the FATF on Friday. Pakistan ‘s success on the 27-point action plan to counter money laundering activities and terrorism funding will be reviewed by the global watchdog.

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FATF blacklist

“I can honestly say that India would struggle to drive Pakistan into the blacklist,” Qureshi said, adding that today the world had “recognized” that the incumbent government and parliament had taken “concrete measures” with respect to the FATF action plan.

He said Pakistan had introduced laws and taken administrative steps that were not seen in the recent past to control money laundering and terror funding.

Of the 27 points on which the FATF asked Pakistan to take action, the minister said, “I can say with confidence that we have adopted 21.” He noted that improvement on the remaining six points had been made as well.

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“In view of all this development, the FATF forum should view Pakistan ‘s actions positively and build space for Pakistan,” he said, adding that he wished that the world would “recognise” the country’s actions.

Since June 2018, Pakistan has been on the FATF’s grey list. The grey list includes countries that the watchdog is tracking.

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“In view of all this development, the FATF forum should view Pakistan ‘s actions positively and build space for Pakistan,” he said, adding that he wished that the world would “recognise” the country’s actions.

The day before, the Foreign Office (FO) denied false claims circulated in the media alleging that at the FATF session, Saudi Arabia voted against Pakistan.

“Pakistan and Saudi Arabia have close fraternal relations, and on all matters of bilateral, regional and international interest, the two countries have always cooperated with each other,” said FO Speaker Zahid Hafeez Chaudhri.

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