Pak likely to remain in FATF ‘grey list’, fails to fulfill six key mandates


    Pak most likely to stay in FATF ‘grey list’, fails to fulfill six key requireds

    Pakistan is likely to stay in the ‘grey list’ of the Financial Action Job Force (FATF) due to it’s failure to satisfy six crucial obligations, authorities stated.

    Significantly, the FATF has given an overall of 27 action strategy commitments in order to secure down on horror financing, however it has cleared only 21 and missed out on out on essential tasks.

    The Global money laundering and terrorist financing watchdog will provide its final decision on Pakistan’s continuation on its grey list throughout the virtual plenary which will occur on October 21-23

    The key requireds on which Pakistan has failed to deliver are– action against all UN-designated terrorists like Jaish-e-Mohammed (JeM) primary Azhar, Lashker-e-Taiba (LeT) creator Seed and the outfit’s functional leader Zakiur Rehman Lakhvi, abrupt disappearance of the names of more than 4,000 terrorists from its initial list of 7,600 under Schedule IV of its Anti Terrorism Act.

    The officials privy to the situation has actually said that Pakistan is likely to advance that list.

    This will end up being a significant problem for Pakistan as it will become challenging for Islamabad to obtain financial aid from the International Monetary Fund (IMF), World Bank, Asian Development Bank (ADB) and the European Union.

    Pakistan needed 12 votes out of 39 to exit the grey list and transfer to the white list. To prevent the blacklist, it requires the support of three nations. China, Turkey and Malaysia are its constant supporters.

    It is to be kept in mind that North Korea and Iran are in the FATF blacklist.

    According to international affairs experts, the FATF meeting will try to get Pakistan out of the gray list by surrounding China, Pakistan’s friendly nation Turkey and Malaysia. It is believed that none of the 39 member countries will stand with Pakistan other than these 3.

    Pakistan requires the support of a minimum of 12 nations to come out of the gray list. Pakistan is actively associated with this effort. Some diplomatic experts in the US and Paris have actually reported to the media that Pakistan has actually contracted lobbying firm Leiden Strategist based in Texas, U.S.A., to acquire assistance from other nations. It will be the task of this business to work out with the Trump administration and try to clear Pakistan’s course.

    The main job of this firm is Sir Strategic Communication, Government Relations, Company Advisory, and Political Consulting.

    Pakistan was very first put on the ‘grey list’ by the Paris-based guard dog in June 2018 and was offered a strategy to complete it by October 2019, or face the threat of being put on the ‘Black List’ with Iran and North Korea.

    ( the heading, this story has actually not been published by Crucial India News staff and is published from a syndicated feed.).


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