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| India-Pakistan |
| Pakistan awaits FATF meeting with trepidation |
| 2021-02-08 |
Excerpted from a larger piece that repeats information we’ve seen before. [DailyTimes.pk] Despite strong "Indian lobby", Pakistain hopes that a watchdog for global money-laundering will not make a "politically motivated" decision at the next meeting later this month and remove the country’s name from the Financial Action Task Force (FATF) grey list.Pakistain’s anxious eye is on the four-day virtual meeting of the FATF — a Gay Paree-based global money-laundering watchdog — starting on February 22, which is expected to decide whether or not to remove Islamabad from its grey list. The country has been on the FATF radar since June 2018, when it was placed on its grey list for terrorist financing and money laundering risks after an assessment of the country’s financial system and security mechanism. "It’s not that Pakistain is not trying hard to get out of the grey list, but the lobbying against the country by India is very strong," a Pak representative in the FATF said. Related: Financial Action Task Force: 2021-01-29 Pakistan Faces Risk of Being Added to FATF ‘Black List’: Report Financial Action Task Force: 2020-11-20 Hafiz Saeed has been sentenced to 10 years in jail by an anti-terrorism court in Pakistan Financial Action Task Force: 2020-08-26 NA approves new bill against money laundering amid opposition's protest |
| Posted by:trailing wife |