FATF deals major blow to Pakistan

FATF1

New Delhi: The FATF has dealt Pakistan a major blow, keeping it in the grey list with the warning that it would be  blacklisted if it doesn't mend its ways.

The Financial Action Task Force (FATF) has decided to put Pakistan in the grey list for now on the issue of terrorism. The FATF, the financial watchdog of global terrorism, on Wednesday announced that Pakistan would remain in the 'grey list'. Pakistan has survived a blacklist again despite pouring funds into the coffers of terrorist organisations such as Lashkar-e-Taiba and Jaish-e-Mohammad. According to officials, the online meeting of the FATF was held under the chairmanship of China due to the global pandemic Covid-19.

As Pakistan is in the grey list, it will now face a lot of difficulty in obtaining loans from the World Bank, International Monetary Fund, ADB and European Union. If Pakistan fails to control Lashkar and Jaish as per the FATF guidelines by October, it could be blacklisted along with North Korea and Iran in the next meeting. It is worth noting that the FATF took this decision on the day on which an important US report on terrorism has also come out. In this report, Pakistan has been declared as a safe haven for terrorists.

Pakistan, which is responsible for organising terrorist attacks on India, Afghanistan and Sri Lanka, has thus suffered a setback on the international stage.

The session of the FATF, organised through video conferencing, was chaired by Shiangmin Liu of China. In this session, it was to be decided whether Pakistan would be put in the grey list or the black list. The FATF had prepared a 27-point action plan to stop financing of terrorism and take steps against money-laundering and it was being speculated that the country would be blacklisted if it didn't follow the directions.

Pakistan has received this extension twice since October last year. This time, citing the Corona virus epidemic, the FATF decided to keep all those countries already in the grey list. At the same time, the countries which were in the black list will also remain in it. Scrutiny of terror financing and money laundering of all countries will be continued till October 2020.

The USA's State Department 'Country Reports on Terrorism' has given a detailed account of Pakistan's role in the year 2019. It said that organisations like Lashkar-e-Taiba and Jaish-e-Mohammad targeting India were allowed to operate from Pakistani soil. Pakistan has not taken any action against terrorists like Jaish founder Masood Azhar, who has been declared a terrorist by the United Nations, and Sajid Mir, the 'project manager' of the 2008 Mumbai blasts. The two are reportedly roaming free in Pakistan.

 

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