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

Nasal vaccine: Nasal vaccine may be approved this month, 13,734 new cases found in a day

The government may allow another vaccine this month to prevent corona infection. This is a nasal

National Doctors Day 2023: With which theme National Doctors Day is being celebrated this time, know its history

National Doctors Day 2023: Like every year, National Doctor's Day is being celebrated across the

How did Atishi reach the CM's chair? Why did AAP's Saurabh Bhardwaj lag in the race? The reason came to light.

Despite becoming minister in the AAP government at the same time, Saurabh Bhardwaj lagged behind

Invest in Defense: Defense production is increasing in the country, Rajnath said – Rs 1.8 lakh crore by 2025. target to deliver

Defense production in the country is continuously increasing. Defense Minister Rajnath Singh said

LokSabha Polls Result: How Kharge proved to be a lucky president for Congress, his strategy changed the fortunes of the party!

The Congress party has made a tremendous comeback in the Lok Sabha elections 2024. Emerging from

Farmer Protest: Farmers protested by parking tractors on the Doon-Delhi Highway, and buses going to Delhi were affected due to the agitation.

Farmer Protest: Due to jams at various places on the Doon-Delhi route due to farmers' agitation,

Israel-Hamas War: More than 195 people died in Israeli attacks on refugee camps, Hamas informed

The war between Israel and Hamas is continuously increasing. Many people have died so far during

IND vs ENG: Virat Kohli dropped the catch, former teammate said – don't take so much pressure

Virat Kohli brought the culture of fitness to Team India, the responsibility of improving the fie

Pawan Kalyan got a grand welcome after winning the election, he got emotional and touched brother Chiranjeevi's feet, a heart-touching video

Actor Pawan Kalyan, who has proved his acting prowess in the cinema world for years, has started

Rule Changed: From UPI to credit card rules... these changes will happen from August 1; they will have a direct impact on common people.

The month of August is going to start on Thursday. With the beginning of the month, many such rul

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