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

Partition Day: Rajya Sabha MP's letter to PM Modi, includes Partition in the school curriculum, Memorial Day

India celebrates Independence Day on August 15, 2022. However, just a day before this, we also ce

Big relief to Imran Khan, High Court stays arrest till August 25

Islamabad High Court has given great relief to former Prime Minister of Pakistan Imran Khan. The

Afghanistan struck again by the blast: ISIS-Khorasan targeted minibus in Mazar-e-Sharif, 9 people died in the blast; 13 injured

Nine people were killed and 13 were injured in two blasts in Afghanistan's Mazar-e-Sharif area on

Avesh Khan's yorker broke the bat: Three consecutive yorkers were thrown in an over against South Africa, and Dussen's bat was torn in two

In the first T20 match between India and South Africa played at the Arun Jaitley Stadium in Delhi

Karnataka Election: The veteran billionaire cast his vote by standing in line, gave a big lesson to the youth, said - without voting, no criticism

Votes are being cast for the assembly elections in Karnataka today. In this festival of democracy

IPL 2022: This captain impressed Virender Sehwag the most in the league stage, know who he is

In the 15th season of the Indian Premier League (IPL), the playoff matches will now be played aft

BCCI 10-Point Directive: The Board's 'serious' step; with Emphasis on ending star culture, will have to face consequences for breaking the rules

After the crushing defeat in Australia, the Board of Control for Cricket in India (BCCI) has now

IndusInd Bank Shares Fall 6% Despite 72% Profit Jump; Here's Why Investors Turned Cautious

Private sector lender IndusInd Bank remained under selling pressure on Thursday even after report

Satyendar Jain's head, body massage in jail: BJP released VIDEO, TV-mineral water in the room too; AAP said - Shameful! made fun of the illness

Satyendar Jain, the health minister of the Delhi government, lodged in Tihar Jail in the case of

Sukhoi-30 equipped with a new missile will wreak havoc on enemies, capable of destroying targets from more than 250 km distance

The Indian Air Force is equipping Sukhoi (SU-30) fighter jets with new missiles to give a befitti

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