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

Teddy Day 2022: If a boy gives such a teddy bear, then understand the condition of his heart

As February begins, the lovers get excited. Valentine's Day is on 14th February. It is considered

If Rohit-Virat has to play 2027 Cricket World Cup, then this condition of BCCI will have to be accepted

Despite being elected to the Indian team for the upcoming ODI series against Australia, Virat Koh

IPL 2022: Meet the 'Titans' of Gujarat, who fulfilled their dream of becoming a champion, from captain Hardik Pandya to Mohammed Shami, here are the heroes

When the mega auction of the Indian Premier League 2022 took place and all the teams prepared the

Data Speed: India is ahead of Russia-Argentina in mobile data speed. The country reached 49th position

The download speed of mobile data in India has increased by 115%. It was 13.87 Mbps in September

CGSOS Result 2022: Chhattisgarh State Open School has released the result of the 10th-12th board examination, know the success percentage

CGSOS Result 2022: Chhattisgarh State Open School (CGSOS) has released the class 10th and 12th re

Salman Khan: Salman Khan's new film is going to be made in the Galwan Valley clash, and the actor will get this role

Bollywood actor Salman Khan's film 'Sikander' failed to show its magic at the box office. After t

Delhi Blast: US Embassy issues alert for its citizens, case registered under UAPA in connection with the blast

A major accident occurred near Delhi's historic Red Fort on Monday evening. A car exploded near t

SRH vs LSG Playing-11: What will happen to Lucknow today? Will face Hyderabad with a weak bowling attack, probable-11

Sunrisers Hyderabad will face Lucknow Super Giants in the seventh match of IPL 2025 today. This m

Financial Planning: How should be your financial planning in the new financial year, know the expert opinion

The current financial year is about to end and now from April 1, we will step into the new financ

Easter: Easter celebrated with Kareena Kapoor's family, Taimur, Jeh, Inaaya, Kiaan and Saif Ali Khan were seen

Kareena Kapoor Eastar Photos: Kareena Kapoor shared her Easter pictures. In this, he can be seen

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