Powerful Nations urged FATF to maintain Pakistan in Grey list, Tarin Said

According to the Khaleej Times, Finance Minister Shaukat Tarin said on Saturday that the Financial Action Task Force’s (FATF) decision to keep Pakistan on its graylist is “politically motivated.”

Tarin said in an interview with a Middle Eastern outlet that the FATF’s decision was influenced by powerful nations who wanted to pressure Pakistan over its strategic policy decisions.

However, he reaffirmed Pakistan’s removal from the FATF’s grey list this year, claiming that Pakistan has accomplished nearly all the task force’s objectives.

FATF has no reason to keep the country’s status since it has made significant progress in meeting strict standards, said the minister.

Furthermore, he said Pakistan had met 26 of the 27 conditions outlined in the body’s action plan.

Pakistan’s Energy Minister Hammad Azhar said earlier “despite hurdles,” Pakistan’s completion of FATF technical parameters will be recognized soon.

Azhar shared specifics, stating that Six of the seven components of the money laundering (ML) action plan were completed in an unprecedented timeframe.

So far, 26 out of 27 issues on the TF action plan have been addressed. He wrote that “many countries believe we have already fulfilled this plan.”

Our national resolve in the fight against ML [and] TF is unwavering. “We wage war on these operations not merely for the benefit of global compliance, but also for our own sake,” he said.

Pakistan will remain on the grey list, according to the Paris-based global money laundering and terrorism funding watchdog, which noted that “significant progress” had been made toward fulfilling the needed action items for removal.

According to the FATF’s statement, Pakistan has accomplished 26 of the 27 action items on its 2018 action plan.

The FATF Statement further urged Pakistan to make progress on the final item as quickly as possible by demonstrating that TF investigations and prosecutions target senior leaders and commanders of UN-designated terrorist groups.

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