Thursday, March 4, 2021

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India Pushing Pakistan Towards FATF Black List; Islamabad Has Time Until October

Pakistan will remain in the Financial Action Task Force’s (FATF) grey list and has time till October to evade the blacklist. India presented a strong case at FATF against Pakistan’s inability to put a hold on terrorist activities.

FATF Black List Next On Cards For ‘Terror Sponsor’ Pakistan?

India asked the Financial Action Task Force to isolate Pakistan across global platforms in the wake of the Pulwama terror attack which killed 40 jawans on February 14. The Banned terror outfit Jaish-e-Mohammed (JeM), allegedly backed by Pakistan took the responsibility for the attacks.a

India presented a strong case at the FATF against Pakistan’s failure in curbing terror funding and asked FATF to blacklist the neighbouring country. Meanwhile, India is believed to have shared details on how Pakistan has failed to control activities of JeM and drown its funding.

Currently, Pakistan is in the grey list and has time till October to evade being blacklisted. The blacklisted countries are under ‘high risk and other monitored jurisdiction’ like Iran and North Korea which are blacklisted.

In 1989,  FATF was established as an inter-governmental body to organize efforts to combat terror funding along with money laundering. Pakistan decided to work with FATF in its efforts on counter-terrorism and terror funding in June 2018. To avoid its blacklisting, Pakistan had informed the FATF saying, “Law enforcement agencies are identifying and investigating the widest range of terror funding activities and that terror funding investigations and prosecutions target designated persons and entities, and persons and entities acting on behalf of or at the direction of the designated persons or entities.”

India also cautioned the FATF about the terror outfits allegedly breeding on the Pakistani soil. Pakistan’s good friends China and Saudi Arabia have also refused to protect Pakistan at the FATF. The blacklisting will stop the International Monetary Fund from financially supporting Pakistan, which is currently facing a financial crisis.

More News at EurAsian Times

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