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.

 

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

Pakistan PM's letter to Modi: Shahbaz Sharif expressed his desire to work together with India, also mentions the Kashmir issue

After the change of power in Pakistan, the relations with India are also showing signs of change.

One country-one election bill will be presented in Lok Sabha today, BJP issued a whip to MPs

The Constitution (129th Amendment) Bill for 'One Nation One Election' is going to be introduced i

UP Board Exam 2022: Do you know that more than 7 lakh students fail in this subject only in the UP Board 10th exam?

Uttar Pradesh Board of Secondary Education is going to release the date sheet for the 10th and 12

DC vs RR: Sanju Samson was out controversially, then BCCI imposed a heavy fine; Know what mistake the RR captain made

The match against Delhi Capitals on Tuesday did not go well for Rajasthan Royals c

Court angry with Maharashtra government in transgender recruitment case: expressed displeasure over not keeping two posts, warned to stop the recruitment process

The Bombay High Court has pulled up the Maharashtra government for creating posts for transgender

CM Yogi: 'The same thing is happening in Bangladesh today as happened in 1947', CM Yogi said - Hindus there are pleading for their lives

In a tribute meeting organized on the occasion of Partition Horrors Remembrance Day in Hazratganj

'He is not deterring from mistakes', captain Hardik's anger erupted on this player after the defeat against Sri Lanka

The second match of the 3-match T20 series between India and Sri Lanka was played at the Maharash

Women's Cricket World Cup: Eyes will be on 5 Indian players; Smriti, Mithali with the bat, then Jhulan can make a difference with the ball

The ICC Women's World Cup is starting from 4 March in New Zealand. The first match will be played

The case of Corona's origin again caught hold: US intelligence report claims - the virus is most likely to spread from Wuhan lab itself

The US has quoted the intelligence report as saying that the corona spread from China's Wuhan lab

Gurgaon Vidhan Sabha Election Result: BJP's Mukesh Sharma wins Gurugram seat, defeats independent candidate by 68 thousand votes

BJP candidate Mukesh Sharma from Gurgaon assembly constituency has registered a big win. After th

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