Islamabad, February 26
There was no possibility of Pakistan being blacklisted by the FATF because it has made “significant progress”, a senior minister claimed on Friday, a day after the worldwide anti-money laundering watchdog retained the nation on its “Grey List”, citing “serious deficiencies” on its half in checking terror-financing.
Addressing the media after the Financial Action Task Force, the Paris-based world physique in opposition to money-laundering and terror-financing, introduced to maintain Pakistan on its Grey List till June, Minister for Industries Hammad Azhar mentioned that Islamabad achieved the targets regardless of the difficult timeline given to it.
“There was no possibility of Pakistan being blacklisted by the FATF,” Azhar, who led Pakistani delegation on the plenary because the chairman of the FATF Coordination Committee, mentioned.
“At the previous plenary, FATF countries and the FATF secretariat said that blacklisting was not an option because the country has achieved significant progress,” he mentioned.
Azhar claimed that the world was “appreciative” of Pakistan’s effort to finish the 27-point motion plan of the FATF.
“As you have seen, today the FATF itself is saying that we are 90 per cent close to achieving this goal,” he mentioned, including that the remaining three level out of 27 can be accomplished quickly.
The FATF has retained Pakistan on the “Grey List”, giving it one other 4 months to take away the deficiencies in three remaining factors of the “action plan”.
After its digital plenary on Thursday, Marcus Pleyer, president of FATF, mentioned the deadline given to Pakistan has already expired and requested Islamabad to handle their considerations “as quickly as possible”.
There is “serious deficiency” on the half of Pakistan in checking terror-financing and the nation is but to exhibit taking motion in opposition to the UN-designated terrorists and their associates, he mentioned.
Pleyer mentioned Pakistan continues to stay on the “increased monitoring list”, one other identify for the “Grey List”.
He mentioned the courts in Pakistan should mete out “effective, decisive and proportionate” punishment to these concerned in terrorism, an announcement which comes shut on the heels of the acquittal of terrorist Omar Saeed Sheikh, the primary accused within the 2002 homicide of American journalist Daniel Pearl, by Pakistan’s Supreme Court.
Among the UN-designated terrorists are India’s most wished terrorists akin to Jaish-e-Mohammed (JeM) chief Masood Azhar, Lashkar-e-Taiba (LeT) founder Hafiz Saeed and the outfit’s operational commander, Zakiur Rehman Lakhvi.
Azhar, Saeed and Lakhvi are most wished terrorists in India for his or her involvement in quite a few terrorist acts, together with the 26/11 Mumbai terror assaults and the 2019 bombing of a CRPF bus in Jammu and Kashmir’s Pulwama.
Pleyer mentioned Pakistan should full three unfulfilled duties and as soon as that’s completed, the FATF will confirm and take a call on its current standing within the subsequent plenary to be held in June.
Pakistan was positioned on the “Grey List” by the FATF in June, 2018 and was given a plan of motion to be accomplished by October, 2019. Since then the nation continues to be on that checklist because of its failure to adjust to the FATF mandates.
The FATF is an inter-governmental physique established in 1989 to fight money-laundering, terror-financing and different associated threats to the integrity of the worldwide monetary system.
It presently has 39 members, together with two regional organisations—the European Commission and the Gulf Cooperation Council. India is a member of the FATF consultations and its Asia Pacific Group. — PTI