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.
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.
In the 30th match of IPL 2022, Rajasthan defeated Kolkata by 7 runs, registering a thrilling win.
Interest Rates: Interest rates may increase on small savings schemes, no change for two years
Interest rates on small savings schemes (SSC) may increase by 0.5 to 0.75 percent from next month
A high-voltage match is to be played between Royal Challengers Bangalore and Chennai Su
Vikrant Massey's film 12th Fail is considered to be one of the best films of the year 2023. It is
Nitish and Prashant Kishor Meeting: There has been a secret meeting between Bihar Chief Minister
Terrorists hurl grenades at security personnel, trying to shake Kashmir before Republic Day
Grenade Attacks In Jammu Kashmir: A day before Republic Day i.e. on Tuesday, terrorists tried to
Many celebrities come to promote their film or show in the Weekend Ka Vaar of the controversial s
‘Dhurandhar 2’ hit theaters on March 19. Since its release, the film has been setting
Such an act of HDFC Bank has come to the fore that whoever heard it was stunning. In fact, on Sun
Captain Kane Williamson played the trick of MS Dhoni in T20 World Cup, did the job
If you follow cricket, then you will remember that in the 2013 ICC Champions Trophy, Indian team
