Pakistan managed to Come Out from FATF Grey List | FATF Pakistan | Pakistan News | Ahmad Rana VIEWS
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FATF had assessed Pakistan to have completed 21 of the 27 #Action Items under the current Action Plan. In the remaining six partially addressed items, significant progress has been made by Pakistan, which is duly acknowledged by the wider FATF membership.
Pakistan remained committed to completing the #implementation of the FATF Action Plan.
The #plenary#meeting would decide Pakistan’s case after assessing the progress made by the country on the action plan given by the illicit financing #watchdog.
Pakistan has been on the FATF’s ‘grey list’ for deficiencies in its counter-#terror#financing and anti-money #laundering regimes since 2018.
In its last meeting held in October last year, the watchdog had decided to retain Pakistan on the list of ‘jurisdiction under enhanced monitoring’ till the review in February 2021 when the status of its compliance with recommendations would be reassessed.
Pakistan till the last assessment was found to have not adequately acted against the organizations linked to the terror groups listed by the #UN Security Council; and regarding prosecution and conviction of banned individuals. Similarly, it was said to have done little to tackle terror financing through smuggling of narcotics and precious stones.
Pakistan has lately taken further steps to convince the FATF to normalize its status. These actions included the prosecution of Lashkar-e-Taiba founder Hafiz Saeed and his associates in terror financing cases.
Foreign Minister Shah Mahmood Qureshi, while briefing the Senate Foreign Affairs Committee a couple of weeks ago, hoped that the FATF would delist Pakistan from its grey list at its next plenary meeting.
Mr Chaudhri, while responding to another question at the briefing, said: “As a responsible state, Pakistan remains firmly committed to peace in the region and beyond.”
The spokesman criticized #India for its “hegemonic and expansionist designs” and “irresponsible actions” that were imperiling regional peace and security.
Noting that India had troubled relations with its neighbors, he asked #Delhi to undertake “a serious course correction” for the sake of #peace and security in the region.
