After Pakistan failed to satisfy the Asia Pacific Group (APG) under the Financial Action Task Force (FATF) during recent meetings, the group will be lobbying at the leadership level of FATF countries in the next two weeks before mid-October Is planned. Will make a call to blacklist the country.
Fearing that the October meeting could blacklist Pakistan, PM Imran Khan is planning to meet leaders of several FATF states in New York over the next two weeks on the lines of the UN General Assembly, ET has reliably learned. He can use the opportunity to focus on the Kashmir issue after failing to garner international support over his statement in the last one month. Countries in Asia, Europe and Africa are included in this list of proposed meetings.
Besides, the Foreign Minister of Pakistan also plans to meet his counterparts from the FATF states in New York with the same objective.
Pakistan on Monday gave detailed answers to 125 questions taken by the FATF on anti-terror money laundering and steps taken to finance terrorism.
The APG of the FATF began its 4- day meeting in Bangkok on Monday to review Pakistan’s compliance report.
The APG has sought answers to 125 questions from Pakistan to get the country out of the Greelist. According to FATF procedures, the APG will submit its report to the FATF plenary and working group meetings, which are scheduled to take place in Paris on 13–18 October.
Pakistan has been under the FATF radar for its complicity with terrorist groups such as Lashkar-e-Taiba and Jaish-e-Mohammed. Besides, terrorists like Hafiz Saeed regularly make anti-India rhetoric and collect “donations”.
For failing to meet the standards, on 22 August, APG placed Pakistan in the Enhanced Expedited Followup List (Blacklist).
At its 22nd annual meeting held in Canberra, APG found that Pakistan was non-compliant on 32 of the 40 compliance standards for terror financing and money laundering.
State Bank of Pakistan Governor Dr. The Pakistani delegation, headed by Reza Bakir, then apprised the APG of the steps taken to ensure effective as well as reform of Pakistan’s Anti-Money Laundering and Countering Financing of Terrorism (AML / CFT) framework. Implementation of the FATF Action Plan.
In June, the FATF gave Pakistan four months (until October) to improve its counter-terrorism financing operations by an agreed plan.
Source: Economic Times