Pakistan will remain on the “grey list” of the global terrorist financing control body until February next year, the framework ruled friday, as pakistan failed to meet situations to release foreign funds.
Pakistan, which failed to comply with six of the 27 issues it had to fill out, “must do more,” said the International Financial Action Group (IFFI), according to sources. all situations and that only then will Pakistan see the restrictions lifted.
“Pakistan has finished 21 of the 27 articles. This means that the world has become safer, but six gaps want to be repaired. We are giving them the ability to fix their progress and in a different way a country will be blacklisted,” the FAT GAFI said.
The Indian government’s resources had previously told NDTV that it hoped Pakistan would remain on the grey list, as the country obviously did not act against organizations acting as fronts for terrorist equipment and some of the world’s most wanted terrorists such as Maulana Masood Azhar and Hafiz Saeed.
Pakistan also took no strong action against financing terrorist activities and money laundering, and four candidate countries, the United States, the United Kingdom, France and Germany, were completely satisfied with their role in Afghanistan, Resources said.
As Pakistan remains on the grey list, it is increasingly struggling to discharge monetary assistance from the International Monetary Fund (IMF), the World Bank, the Asian Development Bank (ADB) and the European Union, aggravating cash unrest. lost country. .
The resolution was taken at the end of the three-day virtual plenary of the FATFI, which was scheduled for June in the past. COVID-19 pandemic.
The supervisory body also took a general break from the review process, giving Pakistan an additional 4 months to meet the requirements.
To avoid blacklisting, Pakistan wants help from 3 countries and has been helped through China, Turkey and Malaysia to circumvent the label. Currently, North Korea and Iran are blacklisted by the FATFI. Pakistan wants 12 votes out of 39 to be blacklisted. gray list and white pass.
Pakistan was greylisted through the FATFI in June 2018 and won an action plan to complete it through October 2019. Since then, the country has continued on this list due to its non-compliance with FatF mandates.
The FATFI is an intergovernmental framework established in 1989 to combat money laundering, terrorist financing and threats similar to the integrity of the foreign monetary system.
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The FATFI has recently had 39 members, two regional organizations: the European Commission and the Gulf Cooperation Council.
India is a member of the CONSULTATION consultations and its Asia-Pacific group.
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