India ensures that Pakistan remains on the FATF greylist: Indian Minister of Foreign Affairs

Indian Foreign Minister S Jaishankar admitted on Sunday that Pakistan was included on the grey list of the Financial Action Task Force (FATF) due to “the efforts of the Narendra Modi government”. Geographic News Report.

According to a report released printed matterIndian Foreign Minister S Jaishankar praised Modi’s government for its “efforts” to ensure that FATF keeps Pakistan on the grey list.

According to the media, the minister issued the statement when using a video link to resolve the BJP leaders’ training program on the government’s foreign policy.

“As we all know, the FATF checks the funds of terrorism and deals with the black money that supports terrorism. Because of us, Pakistan is under the lens of the FATF and is kept [on] Greylisting. We have succeeded in putting pressure on Pakistan, and Pakistan’s behavior has changed because of India’s pressure through various measures. Terrorists from LeT and Jaish, India has also been sanctioned through the efforts of the United Nations,” Jaishankar reportedly told the leader. printed matter.

It should be remembered that on June 25, the FATF stated that it recognized Pakistan’s progress and efforts in resolving the projects related to the financing of terrorism in its national action plan, and encouraged it to continue to make progress and resolve the “left A project related to CFT”.

It also submitted six new anti-money laundering work to the government.

FATF Chairman Dr. Marcus Pleyer stated at a press conference after the Paris plenary meeting from June 21 to 25 that Pakistan is still under “enhanced surveillance”.

“The Pakistani government has made significant progress in making its counter-terrorism financing system stronger and more effective. It has largely resolved 26 of the 27 projects in the action plan first committed in June 2018,” he said .

Dr. Pleyer has stated that the plan focuses on the financing of terrorism.

He once said that a key operational project is still to be completed, “this involves the investigation and prosecution of senior leaders and commanders of terrorist organizations designated by the United Nations.”

The FATF chairman emphasized that after the Asia-Pacific Group highlighted the issues when assessing Pakistan’s entire anti-money laundering and counter-terrorism financing system in 2019, Pakistan has “made improvements”.

“These include explicit efforts to raise the private sector’s awareness of Pakistan’s money laundering risks, and the development and use of financial intelligence to build case studies.

“However, Pakistan still fails to effectively implement the global FATF standards in many areas. This means that the risk of money laundering remains high, which in turn will encourage corruption and organized crime.”

Dr. Player has stated that this is the reason why FATF and the Pakistani government are cooperating in new areas, which still need to be improved as part of a new action plan focusing on money laundering risks.

He said this includes increasing the number of investigations and prosecutions and ensuring that law enforcement agencies cooperate internationally to track, freeze and confiscate assets.

“This is to help the authorities stop corruption, prevent organized criminals from profiting from their crimes, and undermine Pakistan’s financial system and legal economy,” Dr. Player added.