Pakistan to Look Forward to Exiting FATF Grey List

Pakistan to Look Forward to Exiting FATF Grey List

The Financial Action Task Force (FATF) will meet on Monday to examine and choose whether or not to keep Pakistan on the dark rundown, Dawn has gained from learned sources. 

The virtual FATF entire will be held in Paris from February 22 to 25 to think about instances of different nations on the dim rundown, including Pakistan, and choice will be made at the finish of the gatherings. 

In the last entire held in October 2020, FATF had declared that Pakistan would keep on leftover on its dim rundown till February 2021 for six out of 27 neglected activity plan focuses on enemy of tax evasion (AML) and fighting the financing of psychological warfare (CFT). 

An authority source near these advancements told Dawn on Saturday that Pakistan had just conformed to the six proposals and furthermore submitted subtleties to the FATF secretariat. The individuals would now assess Pakistan’s reactions during the gathering, the source said, adding that Pakistan had gained huge ground in enactment just as its usage. 

Pakistan had presented a point by point reaction in October 2020 to FATF. And, after its all said and done, it requested more from Islamabad. It is too soon to say if this time again FATF may request more activities or the current ones will be sufficient to eliminate Pakistan from the dim rundown. Be that as it may, the choice would be taken after an agreement among the individuals, the source said. 

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Younus Khan, a senior Pakistani columnist situated in Paris, told Dawn on WhatsApp that some European nations, particularly the host France, had prescribed to FATF to keep on keeping Pakistan on the dark rundown and had taken the position that not all focuses had been completely executed by Islamabad. Other European nations are additionally supporting France. 

Mr Khan, who consistently follows FATF gatherings, said France was not content with the new reaction of Islamabad on the animation issue. Pakistan has not posted a customary represetative in Paris, he said, adding that political and financial relations between the two nations were not sufficient. 

The United States has likewise communicated worry over the acquittal of one of the blamed in Daniel Pearl murder case. It is expected that the US may likewise campaign for continuation of Islamabad on the dark rundown in any event until June this year. 

An authority, who isn’t willing to be cited, disclosed to Dawn that Pakistan had presented a consistence report to FATF. “We can’t say what will be their reaction to it; we should sit tight for the afternoon.” 

The authority said Pakistan had just done significant enactment with respect to discipline of fear financing, which was around one year in the old enactment. “We have stretched out this discipline to five years,” the authority said, adding that as of late courts had likewise sentenced individuals under the new law.


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