Pakistan lost it’s case as FATF (Financial Action Task Force) has decided to put Pakistan in Grey-list. The final verdict has been given on late Thursday in three days meeting of FATF. The monitoring will be start in June of same year.
Pakistan was once before under surveillance from 2012 to 2015. After observing Pakistan’s efforts in war against terrorism and extremism, its name was removed in 2015. Now once again since last months Pakistan is alleged involved in money Laundering and terror financing.
FATF is an international watch dog to monitor Money Laundering and Terror Financing around the globe. Other than Pakistan countries like Yeman, Ethiopia, Iraq, Serbia, Sri Lanka, Syria, Trinidad and Tobago,Tunisia, and Vanuatu are in the Grey-list.
Despite of the facts that ratio of terror attacks have been reduced as compare to last ten years and anti corruption departments of state like NAB ( NATIONAL ACCOUNTIBILITY Bureau) have taken action against many white collar people allegedly involved in money laundering, Pakistan’s name has been once again added in Grey-list. The action has been taken against Pakistan after US and UK’s joint efforts to put Pakistan on terror watch list.
Firstly, US and UK failed to put Pakistan on grey-list, because according to organisation’s law any state cannot be put on watch lost if minimum of three countries oppose the decision. In Pakistan’s case its friendly neighbouring state China, Islamic states of Saudi Arabia and Turkey with whom Pakistan has brotherhood relations opposed the decision earlier.
But Foreign Minister Khawaja Asif had said on Tuesday that Pakistan had been given a three-month reprieve by the global watchdog. But that’s not stopped here afterwards Foreign Minister had tweeted that Pakistan’s “efforts have paid (off)” and suggested that there had been “no consensus for nominating Pakistan”.
After that US and UK along with India reformed their campaign, as America leaded with Saudi Arabia and Turkey and India pursued the China to withdrew their support. Although Turkey refused to do so that KSA and China withdrew their support.
On Friday, a contradictory statement from Indian and international media, which circulated reports that a decision had been made to include Pakistan in the FATF's grey list late Thursday night after Saudi Arabia and China allegedly withdrew their support but Turkey still opposed the decision.
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