21 C
New Delhi
Tuesday 19 November 2019
World FATF keeps Pakistan on grey list; China, Turkey, Malaysia...

FATF keeps Pakistan on grey list; China, Turkey, Malaysia save it from blacklisting

However, defying the reports in international media, Pakistan says the FATF has not made an announcement yet and claims China, Turkey and Malaysia supported it in the meeting


- Advertisment -

Subscribe to our newsletter

You will get all our latest news and articles via email when you subscribe

The email despatches will be non-commercial in nature
Disputes, if any, subject to jurisdiction in New Delhi

The Financial Action Task Force (FATF), disappointing Pakistan, has decided to keep the Islamic country on its grey list till February 2020 for failing to stop terror financing and money laundering. In a meeting held in Paris on Tuesday, the inter-governmental body reviewed the measures that Pakistan claims to have taken to control money laundering and terror financing. The Paris-based task force directed Pakistan to take additional measures to completely stop terrorist funding.

A formal announcement regarding the interim event will be made on Friday, the last day of the current session of the FATF.

In the meeting held on Tuesday, India had recommended blacklisting Pakistan as they allowed Hafiz Saeed to withdraw money from the cease accounts. The meeting was attended by representatives from 205 countries.

The FATF will now take a final decision on the situation in Pakistan in February 2020. According to a report, the international body has decided to give a four-month relief to Pakistan to implement the recommendations of the task force. A formal announcement will be made on Friday, the last day of the FATF session.

Pakistan rejects reports on FATF

Pakistan Finance Ministry spokesman Omar Hameed Khan dismissed the report of the country’s continuation in the grey list. He said that this was not true and nothing could be said before 18 October.

Earlier in the FATF meeting in Paris, Pakistan’s Economic Affairs Minister Hammad Azhar praised the work done by Pakistan in 20 out of 27 standards for the investigation of terrorist funding.

‘China, Turkey, Malaysia support Pakistan’

According to Pakistani media reports, China, Turkey and Malaysia appreciated the steps taken by Pakistan in the FATF meeting. To avoid getting blacklisted, a country requires the support of at least three countries.

About FATF

The FATF is an inter-governmental body established by G7 countries in 1989 to counter money laundering, terror funding and other related threats. In 2001, its mandate expanded to include terrorism financing. It monitors progress in implementing its recommendations through “peer reviews” (“mutual evaluations”) of member countries. The body’s Secretariat is housed at the OECD headquarters in Paris.

Leave a Reply


Anil Ambani: From Status Of Tycoon To Insolvency

Study the career of Anil Ambani, and you will get a classic case of decisions you ought not take as a businessman and time you better utilise

तवलीन सिंह, यह कैसा स्वाभिमान?

‘जिस मोदी सरकार का पांच साल सपोर्ट किया उसी ने मेरे बेटे को देश निकाला दे दिया,’ तवलीन सिंह ने लिखा। क्या आपने किसी क़ीमत के बदले समर्थन किया?

Rafale: One Embarrassment, One Snub For Opposition

Supreme Court accepts Rahul Gandhi's apology for attributing to it his allegation, rejects the review petition challenging the Rafale verdict

Guru Nanak Jayanti: What First Sikh Guru Taught

While Guru Nanak urged people to 'nām japo, kirat karo, vand chhako', he stood for several values while he also fought various social evils

Muhammed Who Inconvenienced Muslims

Archaeologist KK Muhammed had earlier got on the nerves of the leftist intelligentsia for exposing their nexus with Islamic extremists
- Advertisement -


शबरीमला पर सेक्युलर क़ानून थोपना अन्याय है

शबरीमला समुदाय विशेष का स्थल है जिसके नियमों को बदलने का अधिकार अन्य समुदायों को नहीं है; धर्मनिरपेक्षता की आड़ में आस्थाओं का विखंडन न हो

Gotabaya Rajapaksa Making Pakistan Unduly Happy

Gotabaya Rajapaksa beat Sajith Premadasa, a candidate of Sri Lankan PM Ranil Wickremesinghe's UNP, which Pakistan believes is India's ally

Modi praises NCP, BJD, lists 5 utilities of Rajya Sabha

A long list of utilities of the Rajya Sabha Prime Minister Narendra Modi spellt out in his inaugural speech for the winter session of Parliament

Saryu Rai, old BJP hand in Jharkhand, rebels

Furious on not being nominated so far, Jharkhand Food Supply Minister Saryu Rai has threatened to fight against Chief Minister Raghubar Das

Bobde, Sharad Arvind: Career of 47th CJI

Born in Nagpur on 24 April 1956, Justice Sharad Arvind Bobde became a lawyer in 1978, senior advocate in 1998 and judge in 2000, SC judge in 2013

You might also likeRELATED
Recommended to you

For fearless journalism

%d bloggers like this: