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

Jawan Promotion: Craze of Shah Rukh Khan's 'Jawan' seen in Metro, promotion of the film increased

As the release date of Shah Rukh Khan's film 'Jawan' is coming to the fore, the fans are getting

Redmi’s New 5G Smartphone Launching Tomorrow With Massive 7,540mAh Battery, 100W Fast Charging and 50MP Camera

Redmi is gearing up to expand its smartphone lineup with the launch of the much-anticipated Redmi

Delhi Weather: Capital covered in fog, AQI recorded at 142

Delhi was seen covered with a blanket of fog on Thursday morning due to the high humidity level i

Earlier there was a 4G phone, now 5G has been brought... So read, will it have to be recharged separately?

5G In India: JIO and AIRTEL have started their 5G service in India. It has been started in many c

Bawaal Celeb Review: Celebs called 'Bawaal' the best performance of Varun Dhawan-Jhanvi Kapoor, liked this scene

Bawaal Celeb Review: Varun Dhawan and Jhanvi Kapoor's film 'Bawal' is about to release on OTT pla

Pakistan Train Hijack: Mountains all around, entire train trapped in a tunnel; How was Jaffar Express hijacked?

There has been chaos in Pakistan's Balochistan after the hijacking of 'Jafar Express' going from

AAP will prove majority in Punjab too, accusing BJP of trying to break MLAs

The Punjab government of the Aam Aadmi Party has also announced to prove majority in the assembly

Siraj again clashed with the umpire: Match referee forgot to toss a coin

India defeated South Africa by 7 wickets in the second ODI played in Ranchi on Sunday. With this

Javed Akhtar rejected Border 2 and took a jibe at the makers; now producer Bhushan Kumar has given this reaction.

The lyrics for the superhit song "Sandese Aate Hain" from the film Border were written by veteran

Adani Group needs Rs 14000 crore, and asked for loan from SBI, this is the complete plan

The Gautam Adani Group needs Rs 14,000 crore to build a new plant at Mundra in Gujarat. The group

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