Pakistan Won’t Be In Blacklist – 21 out of 27 recommendations implemented

  • Pakistan has implemented 21 out of 27 recommendations,after which its chances of being blacklisted disappear.
  • Pakistan has also completed 20% work on the remaining six clauses and 16 queries have been removed from Parliament through legislation.
  • Pakistan may receive an on-site visit in February next year. During the on-site visit, FATF members will visit Pakistan to review the implementation of the action points.

 Pakistan will be able to get out of the gray list in June 2021, diplomatic sources said

Pakistan’s implementation  of  21 points recommended by FATF

The chances of Pakistan being blacklisted by the Financial Task Force (FATF) have been ruled out. Private TV quoted diplomatic sources as saying that Pakistan has completed its homework on money laundering and terror financing and met all legal requirements. Pakistan has reported 21 steps followed by Pakistan in the Pakistan Financial Action Task Force.

Pakistan implemented 21 of the 27 recommendations, after which its chances of being blacklisted disappeared.

Pakistan will be able to get out of the gray list in June 2021. According to diplomatic sources, India has given political color to this issue and tried its best to blacklist Pakistan and also contacted the FATF member countries.

 

Pakistan has also completed 20% work on the remaining six clauses and 16 queries have been removed from Parliament through legislation.

 

According to diplomatic sources, the FATF cannot discuss the issues under discussion in the media or in any forum. But India has always violated it. If it is India’s turn, India will have to answer questions.

According to sources, Pakistan will be able to implement the remaining six clauses before June. However, Pakistan will not be able to get out of the gray list in the plan starting from October 23. Pakistan has completed the implementation of most of the action points of FATF regarding anti-money laundering.

 

 

Most of the remaining action points provided by FATF to Pakistan are related to anti-terror financing. The report of FATF’s International Cooperation Review Group acknowledged the implementation of Pakistan’s 21 action points. It is hoped that in the first half of next year, Pakistan will move out of the FATF gray list.

 

Pakistan may receive an on-site visit in February next year. During the on-site visit, FATF members will visit Pakistan to review the implementation of the action points. Provided 27 action points for compliance. So far, Pakistan has implemented 21 action points. As of February this year, Pakistan had implemented 14 action points.
It should be noted that FATF meetings are held on camera.

No country can exchange details of the proceedings of these meetings unless Pakistan is removed from the FATF gray list and become a member.

Pakistan was given an October 2020 deadline to implement the action points. On the other hand, according to sources, the Financial Action Task Force will conduct a mutual evaluation of India in the first half of next year. India’s Mutual Evaluation is likely to examine the involvement of 44 Indian banks in money laundering and terror financing.

 

Check this too: Indian Propaganda Against Pakistan Massively Increased After Election-2018

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