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Pakistan to remain on FATF grey list

ghazi52

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Turkey, Jordan and Mali join Pakistan in FATF grey list


The Frontier Post





PARIS (Agencies): The Financial Action Task Force kept Pakistan on the grey list on Thursday after its three-day plenary session ended. The global financial watchdog said that Pakistan addressed or largely addressed 30 of the 34 action plan items.

“Pakistan remains under increased monitoring (grey list). The Pakistan government has two concurrent action plans, with a total of 34 action plan items. It has now addressed or largely addressed 30 of the items,” Dr Marcus Pleyer, the FATF president, said.

Also FATF placed Turkey under surveillance Thursday for shortcomings in combating money laundering and terrorism financing.

“Serious issues remain” in Turkey’s controls over financial operations, FATF head Marcus Pleyer said at a press conference.

The body placed Turkey on its grey list of countries under increased monitoring due to strategic deficiencies in their regimes to combat money laundering and terrorist financing.


Pleyer said the Turkish government made a commitment to continue its efforts to improve its anti-money laundering system.
“I urge them to turn this commitment into action,” he added.

Nevertheless, the FATF recognised that Turkey had made progress in a number of areas, including laying out a national strategy to combat money laundering and the financing of terrorism and increased seizures of cash being smuggled across.

A FATF document indicated that Turkey plans to boost resources to conduct more investigations and increase penalties for unregistered money transfer services. There are now 39 nations on FATF’s grey list, which can have a serious impact upon foreign investment into countries and their international reputation.
The decision comes as Turkey is already in the midst of an economic crisis that has seen its currency slide and inflation hit nearly 20 percent.


In addition to Turkey, Jordan and Mali were add-ed to the grey list. Mean-while, Botswana and Mauritius were removed.
 

Adonis

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Only Muslim countries are in grey list.
Too biased with religion, aren't you?

Non-Muslim countries in grey list include.... Zimbabwe, Cambodia, Barbados, Cayman Islands, Philippines . Non-Muslim country in Black list - North Korea.

So elsewhere in the world....not everyone judge other with a big lens of religion every time. This privileged is limited to Islamic countries...that is why they are the only one who differentiate themselves as "Islamic Republic of XXX".....ever heard of Christian republic of ..., or Hindu republic of...or Jew republic of...
 

imadul

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Actually, enemies on the ground are defeated and full hands down. On the table, where most bias sits; the lackeys play their part and practical is not counted. This is what adversaries can do and yeah, India is mere bogeyman in this case while one can see who is most hurt and wants Pakistan to bow down. Not happening.


Exactly why someone's sugar daddy 8snhurt and influencing through a cheerleader.
Defeated but just.
Realizing gain is extremely critical. While State is dysfunctional or at least unbalanced, regional strategic gains can't be realized.
Just compare..
Pak nominal GDP at $262 billion, rank 45
BD, 392 billion, rank 41, ahead of pak
Israel 402 billion, very small country, rank 30
India, abt 2.7 Tr, rank 6

That shows how low we are because of dysfunctional governance, education, R&D. industrialization and productivity.
 

Goritoes

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Give air bases to USA and NATO / intelligence support /let CIA operate free in pakistan / and tomorrow you will be out of all dirty lists
Bhai in logo ko apni Tashreef bhi pesh ker den gay na, tu yeh list se nai nikalen gay... Its a Political tool and everyone knows it.
 

fitpOsitive

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Whining won't work (WWW)....

It's a fundamental trait...if you control a system, you can change and bent rules to make it run per your wishes.....Don't the governments do the same with their countries.

So if FATF is controlled by bunch of countries who do not support your view...you have four options

1. Quit the system and switch to the one you feel more comfortable in.... (there is none unfortunately)
2. Create a parallel system of your own and get buy in from the world (those similar to you) to join........ (Currently you do not have that capability)
3. Do what they want you to do and enjoy the rewards.....(you will need to bring down your ego for that. I any case you do whatever being asked, when it comes to China)
4. Keep suffering.... (won't be a healthy option in longer run)

Up to you to Decide.
I will take path 2 and build out own capability.
 

Vapnope

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They can do it because they hold all the cards. Such political decisions might push some countries and region to find a way out of this hegemony albeit very difficult but not impossible IMHO.
 

The Eagle

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Defeated but just.
Realizing gain is extremely critical. While State is dysfunctional or at least unbalanced, regional strategic gains can't be realized.
Just compare..
Pak nominal GDP at $262 billion, rank 45
BD, 392 billion, rank 41, ahead of pak
Israel 402 billion, very small country, rank 30
India, abt 2.7 Tr, rank 6

That shows how low we are because of dysfunctional governance, education, R&D. industrialization and productivity.
Dude the figures & numbers will continue like that and will remain crucial or harmful if we give up like Ottomans did in the end. Do you think such IMF program is a new game in itself? I don't think so. Keeping Pakistan on grey list is only going to make it more expensive to get IMF loan and return in triple value. This grey list will eventually affect the interest rate for the loan return and you can do calculation. Conclusively, it is a curse and we keep getting it unfortunately. Unless, the shackles are broken; we will keep hearing. Just look at what happened in this FATF meetup... Pakistan achieves 100% in T&Cs but they have to keep it in grey list.... a demand made by big 5s or 7s or 9s especially since they needed Afghanistan in their lap like that, CPEC to be abandoned, be the enemy of China and everyone that US hates, recognize Israel on top of all and viola.... you have not just reached the white list but all the white privileges too.
 

imadul

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Dude the figures & numbers will continue like that and will remain crucial or harmful if we give up like Ottomans did in the end. Do you think such IMF program is a new game in itself? I don't think so. Keeping Pakistan on grey list is only going to make it more expensive to get IMF loan and return in triple value. This grey list will eventually affect the interest rate for the loan return and you can do calculation. Conclusively, it is a curse and we keep getting it unfortunately. Unless, the shackles are broken; we will keep hearing. Just look at what happened in this FATF meetup... Pakistan achieves 100% in T&Cs but they have to keep it in grey list.... a demand made by big 5s or 7s or 9s especially since they needed Afghanistan in their lap like that, CPEC to be abandoned, be the enemy of China and everyone that US hates, recognize Israel on top of all and viola.... you have not just reached the white list but all the white privileges too.
We are saying same things but differently.
The GDP Nnumbers I have quoted are an indicator and show how weak we are as a country and nation.
Nbers are results of our Bad governance, bad politics, broken system so everyone shall slap and play with us.
 

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