Pakistan FATF Gray List: In order to decide the future of Pakistan, the meeting of the plenary session of the FATF is going to begin today. In this meeting, the possibility of Pakistan staying in the gray list has intensified.
Islamabad is going to begin the plenary session of the France-based Financial Action Task Force (FATF) in Paris today, which has increased the tensions in Pakistan. Despite all the claims of PM Imran Khan in this meeting, the possibility of Pakistan’s stay in the gray list is clear. Now Imran has only hopes from his bosses China, Turkey and Malaysia who can stop him from getting blacklisted.
According to the report of Pakistani newspaper Dawn, Pakistan may remain in the gray list of FATF. Pakistan has claimed that it has made significant progress towards stopping the financing of terrorists but FATF member countries do not agree with its opinion. Not only this, now the Pakistani authorities say that even if it is very good with Pakistan, it will remain in the gray list till June.
Pakistan is expected to be assisted by China, Turkey, Malaysia
and will decide on Pakistan’s future on 25 February after the 4-day virtual meeting of the President of FATF. According to the latest FATF update, Pakistan has made some efforts to stop money laundering. However, experts say that these Pakistani efforts are insufficient. It is being told that this meeting will also be considered for blacklisting Pakistan.
Because of China, Turkey and Malaysia, there is less chance that Pakistan should be blacklisted but the pressure on it will increase further. On the other hand, apart from France, many other European countries have acknowledged that Pakistan has not fully complied with all the points of the FATF’s prescribed action plan. Not only this, America is also worried about the release of Daniel Pearl’s killers from Imran Khan.
FATF placed Pakistan in the gray list in June 2018. The FATF asked Islamabad to implement an action plan to curb money laundering and terrorism financing by the end of 2019. However, this deadline was later extended due to the Kovid-19 epidemic. According to Pakistani newspaper Dawn, the plenary session of the FATF will be held in Paris from 22 February to 25 February in which matters of various countries including Pakistan remain on the gray list will be considered and a decision will be taken at the conclusion of the meetings.
FATF wants action on Masuz Azhar and Hafiz Saeed
In the last plenary held in October 2020, the FATF concluded that Pakistan would continue in its gray list until February 2021 as it failed to meet six of 27 obligations of global money laundering and terrorist financing surveillance. According to him, it also includes action against two of India’s most wanted terrorists – Jaish-e-Mohammed chief Maulana Masood Azhar and Jamaat-ud-Dawa chief Hafiz Saeed. Azhar and Saeed are the most wanted terrorists in India for their involvement in several terrorist acts, including the 26/11 Mumbai terror attack and the terrorist attack on a CRPF bus in Pulwama, Jammu and Kashmir last year.