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

Aamir Khan Becomes a Fan of Riddhima After Watching 'Daadi Ki Shaadi', Says—'Better Than Ranbir'; Actress Makes Her Debut at Age 45

Starring Kapil Sharma, Neetu Kapoor, Sadia Khateeb, and Riddhima Kapoor Sahni, Daadi Ki Shaadi is

This actress Salman Khan will rock Bigg Boss 19, information also came on the teaser shoot.

Salman Khan's famous reality show Bigg Boss is once again ready to make a splash among the audien

Weather Update Today: There will be heavy rain in these states including Himachal-Uttarakhand today, how will the weather be in Delhi-NCR?

Weather Update Today: According to the India Meteorological Department (IMD), there will be heavy

Vikrant Massey: 'I kept crying even after the scene was over', Vikrant shared his experience of shooting '12th Fail'

Actor Vikrant Massey is celebrating the success of '12th Fail' these days. In this film, Vikrant

IND vs PAK: No need to panic! Babar Azam revealed his strategy; this thing will be handy for Rohit 'Brigade'

In the game of cricket, fans just wait for the day when the teams of India and Pakistan (India Vs

Tony Kakkar's angry after seeing Neha Kakkar's tears, blamed her for the mistake in the Melbourne concert.

Singer Neha Kakkar often becomes the target of social media trolls. Sometimes she has to face tro

Weather Update: Relief from humid heat, heavy rain in Delhi-NCR; Know when the monsoon will arrive

Monsoon has knocked in many states of the country. People were in bad condition due to the scorch

Innocent killed in US strike: 13 civilians killed in US Army attack in Syria, Al Qaeda terrorist was on target

The US Special Operations Forces launched an operation on Thursday morning to target the leader o

India-US Trade Deal: Talks on trade deal between India and America today, Trump sent his special 'envoy'

US President Donald Trump has imposed a 50 percent tariff on India. Discussions on a trade deal b

PM Modi's visit to Assam today, will gift projects worth 14,300 crores including AIIMS Guwahati; know schedule

PM Modi Assam Visit: Prime Minister Narendra Modi will visit Assam today i.e. on 14 April. During

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