Double blow to Pakistan, Turkey also trapped; who will save now


Posted on 22nd Oct 2021 04:16 pm by rohit kumar

The Financial Action Task Force (FATF) has decided to keep Pakistan on the gray list. Along with this, Turkey's important ally Turkey has also been put on this list.

 

This is a double blow for Imran Khan's government as Pakistan also depended on Turkey to avoid going on the blacklist of FATF. Turkey had earlier saved Pakistan from being blacklisted in the FATF.

 

Did you know?Explore Trending and Topic pages for more stories like this.

Jordan and Mali have also been put on the gray list. Botswana and Mauritius have been left out of the gray list.

 

According to Turkish news agency Anadolu, Turkey's Revenue Ministry has said that its inclusion in the FATF list is a completely unfair decision. The Revenue Ministry has said that despite all the cooperation, it has been included in the gray list. Turkey has been a member of the FATF since 1991.

 

The FATF has denied the allegation that Pakistan is not being removed from the gray list under pressure from India. FATF chief Marcus Pleier said in a press conference, "Pakistan should act with the investigation against banned terrorists and terrorist groups. Under the Action Plan 2019, Pakistan should crackdown on terrorists. Pakistan has completed 30 action points out of 34.

 

"This shows that Pakistan is serious in this matter. That is why we did not consider blacklisting Pakistan. The government is cooperating with the FATF. We urge Pakistan to resolve the remaining issues at the earliest.

 

Marcus has dismissed the allegations of Indian pressure. India's External Affairs Minister S Jaishankar had said that Pakistan is not able to get out of the gray list of FATF because of India. Marcus said on the charge of Indian pressure, "FATF is a technical body and we take any decision with consent.

 

It is not a matter of any one country but 39 countries. Till now, China, Turkey, and Malaysia have been protecting Pakistan from being blacklisted.

 

Being on the gray list, Pakistan finds it difficult to get help from IMF, World Bank, and Asia Development Bank. The FATF has said that Turkey understands the threat of money laundering and terrorist financing.

 

The FATF has also raised concerns about money laundering and financing of terrorist groups in Afghanistan. The FATF said that the financing of terrorist groups in Afghanistan should be stopped.

 

What is FATF?

The FATF is an international organization established in 1989 at the initiative of the G7 countries. The organization is headquartered in Paris, the capital of France, which formulates policies to combat money laundering happening around the world.

 

In 2001, it also included the financing of terrorism in its policies. The organization formulates policies to keep the international financial system correct and works towards its implementation. It has a total of 38 member countries, including India, America, Russia, Britain, China.

 

Since June 2018, Pakistan has been on the radar of money laundering watchdogs around the world. Pakistan came under attack from these institutions when it was put on the 'grey list' for funding terrorists and the threat of money laundering.

 

According to the rules of the FATF consisting of 39 member countries, any country needs the support of three members to avoid the blacklist.

1 Like 0 Dislike
Previous news Next news
Other news

Crackdown on those threatening journalists in Kashmir, raids at 10 places in Srinagar-Anantnag-Kulgam

The crackdown has started against those who threatened media personnel active in Kashmir and the

SRH vs PBKS: Feeding Markandey in place of Rashid… Aiden Markram revealed on the team change

In IPL 2023, Hyderabad registered their first win by defeating Punjab on Sunday. In the last two

India and Australia Test Series in March: Dharamshala Stadium gets hosting, the match will be played from 1 to 5 am at 9.30 am

India will host Australia for 4 Tests and 3 ODIs in February next year. The BCCI announced the sc

Coronavirus Update: Corona cases decreased again today, with 3157 new cases in 24 hours, 26 people died

There is news of some relief in the cases of Corona in the country. For the second day in a row,

IND vs SA: Suryakumar's fourth century in T20, equals Rohit-Maxwell; India's D. Greatest victory over Africa

After man-of-the-match captain Suryakumar Yadav's century, with the help of Chinaman bowler Kulde

Adipurush: Sunil Lahiri's big statement amid the 'Adipurush' controversy, thanks people for boycotting the film

Director Om Raut's film 'Adipurush' has been embroiled in controversies since its release. There

NASA signs $ 115 million agreement with Boeing, know what will change in aviation

NASA Boeing Partnership: American Space Agency NASA and aircraft manufacturer Boeing are working

Maharashtra Politics: Will there be a revolt in Uddhav's house? Bal Thackeray's daughter-in-law meets CM Shinde

Uddhav Thackeray lost power in Maharashtra after Shiv Sena MLAs revolted. Now the party seems to

DeepSeek: 'Sensitive data from Chinese AI startup DeepSeek leaked on the internet', claims Israeli cybersecurity firm

Sensitive data of Chinese AI startup DeepSeek is being claimed to have been leaked on the Interne

BJP Vs Congress: Union Minister Scindia hits back at Kharge, says India's buffering era with Congress is over

Union Communications Minister Jyotiraditya Scindia hit back at Congress President Mallikarjun Kha

Sign up to write
Sign up now if you have flare of writing..
Login   |   Register
Follow Us
Indyaspeak @ Facebook Indyaspeak @ Twitter Indyaspeak @ Pinterest RSS



Play Free Quiz and Win Cash