FM Qureshi says ‘no room’ to keep Pakistan on FATF’s ‘grey list’ – News Vibe24

    FM Qureshi says 'no room' to keep Pakistan on FATF's 'grey list' - Times of India
    ISLAMB: Pakistani Foreign Minister Shahmud Karsi said on Saturday that “there is no room” for keeping the country on the FATF “gray list”, as it has implemented 26 of the 27 points of action taken by the world body against money laundering. and terrorist financing.
    Qureshi’s comments came a day after the Financial Action Task Force (FATF), during its June 21-25 plenary session, kept Pakistan on its “black list” for failing to control money laundering. illegal activities, resulting in the financing of terrorism.
    He also called on Islamabad to investigate and prosecute senior leaders and commanders of UN-designated terrorist groups, including Hafiz Saeed and Masood Azhar.
    He said that whatever Pakistan did was in its own interest and added that it was in the country’s interest to stop money laundering and terrorist financing.
    Qurayshi said that “certain forces” wanted to keep Pakistan on the FATF “gray list” and that it should be considered whether the global forum was being used for political purposes. However, it did not develop.
    He said the FATF itself has acknowledged that Pakistan has implemented 26 of the 27 action plans, while significant progress has been made in the 27th.
    “There is no room for Pakistan to remain on the gray list as it has implemented 26 of the 27 FATF action plans,” he said.
    He said it should be determined whether the FATF is a technical forum or a political one, state radio Pakistan reported.
    Speaking at a virtual press conference, FATF President Marcus Pleyer said on Friday that the Pakistani government had failed to control the risk of money laundering resulting in corruption and terrorist financing.
    “The FATF encourages Pakistan to continue to make progress in addressing what remains to be done in the fight against terrorist financing (CFT) as soon as possible, commanders of UN-designated terrorist groups, “the FATF said in a statement.
    UN-appointed terrorists based in Pakistan include Jaish-e-Mohammed (JeM) leader Azhar, Lashkar-e-Taiba (LeT) founder and “operational commander” Zakiur Rahman Lakhvi.
    Pakistan is on the FATF gray list for deficiencies in anti-terrorist financing schemes and anti-money laundering since June 2018.

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