
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.
The United States Navy is working hard to retrieve the wreckage of its most advanced fighter jet,
After the uproar during the survey of Shahi Jama Masjid on 24 November in Sambhal district of Utt
The magic of Indian bowlers was at its peak against England in the ICC World Cup 2023. While Jasp
On January 3, Team India will play the first match of 2023. The Sri Lankan team has come to India
US President Joe Biden has said that he is looking forward to visiting India to attend the G20 su
Former Congress President Rahul Gandhi will visit four countries including Indonesia from Decembe
The tribal districts of Lahaul Spiti and Chamba in Himachal Pradesh have received heavy snowfall.
Gadar 2 Director Anil Sharma Talks About Seema Haider- Sachin Meena: Sunny Deol and Ameesha Patel
Adani Deal: After Haifa Port, Adani's another big deal in Israel, innovation will get a boost
Adani Enterprises, the company of India's number one industrialist Gautam Adani, has made another
Top pistol shooter Manu Bhaker, who was reportedly not nominated for the country's biggest sports