India Abroad

India Applauds FATF’s Decision To Put Pakistan On Grey List

ANANYA BHATNAGAR | 0
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| June 30 , 2018 , 12:57 IST

India on Saturday applauded the decision of the Financial Action Task Force (FATF) to put Pakistan on their grey list for ICRG monitoring. Pakistan has been placed among the jurisdictions with strategic deficiencies Ethiopia, Serbia, Sri Lanka, Syria, Trinidad and Tobago, Tunisia and Yemen.

The Financial Action Task Force (FATF) on Friday formally placed Pakistan on the greylist due to strategic deficiencies in its anti-money laundering and terrorism financing regime. decision was taken by the FATF Plenary that met in Paris from June 24 to 29. The decision came in on the basis of a monitoring report of the International Cooperation Review Group (ICRG).

Spokesperson of the Ministry of External Affairs, Raveesh Kumar said, ”Pakistan has given a high-level political commitment to address the global concerns regarding its implementation of the FATF standards for countering terror financing and anti-money laundering, especially in respect of UN-designated and internationally proscribed terror entities and individuals.”

Kumar further added, “The freedom and impunity with which the designated terrorists like Hafiz Saed and entities like Jamaat-Ud-Dawa, Lashkar-e-Tayabba, Jaish-e-Mohammed continue to operate in Pakistan is not in keeping with such commitments.”

Kumar said to the media, “We hope that the FATF Action plan shall be complied with in a time-bound manner and credible measures would be taken by Pakistan to address global concerns related to terrorism emanating from any territory under its control.”

While in the voting process Pakistan got only a single vote support by Turkey. Close allies like Saudi Arabia also betrayed the falling nation. 

Finance Minister Shamshad Akhtar was representing Pakistan at the global meeting. The Pakistani authorities, however, refuted the allegation of lax supervision of the financial sector, terming it unjustified.