Home Crime India to ask for Pakistan to be blacklisted by terror finance watchdog FATF

India to ask for Pakistan to be blacklisted by terror finance watchdog FATF

Pakistan is currently placed on the grey list of FATF

India will ask the Financial Action Task Force (FATF) to put Pakistan on a blacklist of countries that fail to meet international standards in stopping financial crime, Finance Minister Arun Jaitley said on Thursday.

FATF is a global money laundering and terror finance watchdog. It already has placed Pakistan in its grey list for failing to curb money laundering and terror financing.

Jaitley told reporters, “We want Pakistan downgraded on the FATF list”. India would make the request when the FATF meets in mid-May.

- Ad - - article resumes -

This comes after India had a major diplomatic victory with Masood Azhar be declared as a global terrorist in the United Nations Sanctions List. Masood Azhar is the leader of the Jaish-e-Mohammed (JeM) which had claimed responsibility for the Pulwama attacks. Before this, China had repeatedly blocked efforts to sanction Azhar.

“A step in the right direction to demonstrate the international community’s resolve to fight against terrorism and its enablers,” said the foreign ministry welcoming the sanction of Azhar.

Jaitley said that the core issue is that Azhar has been declared as an international terrorist for which he and his country would have to face the ramifications of that.

In February, the FATF had decided to keep Pakistan in the greylist for now and has given time until October to avoid getting blacklisted. FATF had said that Pakistan “does not demonstrate a proper understanding” of terrorism financing risks posed by militant groups, including the JeM.

Two months ago, Pakistan Finance Minister Asad Umar had requested FATF to remove India from its Asia-Pacific co-chair for the well-known “animosity between two countries” and “unbiased review process”.

If Pakistan is placed in FATF blacklist, it will be a big blow to Pakistan’s economy, as it will be harder for foreign investors and companies to do business in the country. FATF calls for enhanced due diligence and countermeasures in dealing with blacklisted countries, which increases the cost of doing business with such a counrty.

Help Opindia Reach Every Indian. Share This Post
We need your support to survive in the media industry. Please consider paying us for the content we produce:

To know more about these payments, please click here.


Big Story

While the date of the recording is not clear, it can be inferred from above conversation that it took place sometime in July.

2019 World Cup Is Here!

Catch the latest on Cricket World Cup as it unfolds, special coverage by Opindia

To Advertise on Opindia.com Click here

Army veteran Surendra Poonia receives threats from Pakistan, files online complaint with cyber crime portal

Major Poonia shared screenshots of the threats he has been receiving as well as screenshot of message which said how an unknown number had threatened to character assassinate him and malign him.

The Zomato controversy: Their business plan, the dispute and a dark tale of greed, exploitation and fear

The controversy stems from deep discounting, favouritism, monopolistic trade practices amongst others, creating a rift between the delivery platforms like Zomato and Restaurateurs

Blast from the past: These past tweets of Kashmiri politicians daring PM Modi to scrap Article 370 are amusing

With today's proposal of revoking Article 370, Kashmir, which had riders attached to it, is now part of India without any conditions.

Shehla Rashid inciting people by sharing fake news, claims of torture and excessive force being used against Kashmiris untrue: Indian Army

In a series of tweets, Rashid had alleged that the situation in Jammu and Kashmir is grim and that the armed forces are using excessive force on the Kashmiris.

Harvard alumnus IAS officer says Harvard group’s petition demanding release of Shah Faesal was opposed by majority of group members

Harvard alumnus says majority group members had opposed few friends of Shah Faesal who released the statement
Afghanistan's ambassador in the US slam's Pakistan's attempts to link Kashmir issue with Afghan peace process

Afghanistan officially snubs Pakistan, says attempt to link Afghanistan issue with Kashmir is ‘reckless, unwarranted and irresponsible’

Pakistan has been completely rattled ever since India decided to dilute Article 370 and proceeded to bifurcate Jammu and Kashmir

Viral video showing Pakistanis slaughtering cow on Indian flag is real, but it is old

The video showing Pakistanis slaughtering cow on Indian flag is from February 2019
Shehla Rashid bats for Armed insurgency in Kashmir

Criminal complaint filed against freelance protestor Shehla Rashid for spreading fake news against Indian Army

Earlier in the day, freelance protestor-turned-politician Shehla Rashid, who has an illustrious career of peddling fake news, Shehla Rashid in a series of tweets had attempted to incite people by sharing false claims of torture and excessive force being used against Kashmiris.
2 BSNL officers sacked for providing Geelani with an Internet link amidst clampdown

Secret internet access to separatist leader Geelani in Kashmir, BSNL suspends 2 employees

There is a state-wide communication blackout instituted in Jammu and Kashmir after the government abrogated Article 370.

Pakistani journalist uses video of Indian journalist Abhisar Sharma to spread anti-India propaganda

Abhisar Sharma complaints about few memes, Pakistani journalist circulates the video
Subscribe to Day's Top Stories
[newsletter_form type="minimal"]
- Advertisment -

Latest articles

Connect with us

180,838FansLike
170,943FollowersFollow
89,537SubscribersSubscribe
Help Opindia Reach Every Indian. Share This Post