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FATF Grey List: Pakistan has been Placed on FATF Grey List, is there a role of China or Saudi Arabia, besides India? The Financial Action Task Force (FATF) has yet again put Pakistan on the greylist. The FATF has put Pakistan in the greylist for it has been providing financial assistance to terror and its related facets. The Financial Action Task Force on Wednesday confirmed the decision in a meeting on money laundering and held Pakistan accountable for funding terror. This comes as a big setback for Pakistan.
India Hand Behind FATF Grey Listing of Pakistan?
Pakistan also argued that the Financial Action Task Force has acted under robust pressure from India and the United States of America. They further argued that India’s influence also persuaded China, Turkey and Saudi Arabia to oppose Pakistan. China otherwise is known to be a close ally of Pakistan. Pakistan pleaded innocence but sources have confirmed that the FATF will be putting Pakistan on the greylist.
Financial Action Task Force on Money Laundering is an inter-governmental body which was set up in 1989. The objectives of the FATF include the combating of money laundering, terror financing and related areas through legal, regulatory and operational measures. It also works to eliminate any threats to the international finance framework. It has 37 permanent members inclusive of two regional organisations. European Commission and Gulf Cooperation Council are the two regional organisations which are a part of the FATF. Israel and Saudi Arabia are the two observer nations at FATF.
https://eurasiantimes.com/did-india-assert-its-influence-on-fatf-to-get-pakistan-on-they-grey-list/
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India Hand Behind FATF Grey Listing of Pakistan?
Pakistan also argued that the Financial Action Task Force has acted under robust pressure from India and the United States of America. They further argued that India’s influence also persuaded China, Turkey and Saudi Arabia to oppose Pakistan. China otherwise is known to be a close ally of Pakistan. Pakistan pleaded innocence but sources have confirmed that the FATF will be putting Pakistan on the greylist.
Financial Action Task Force on Money Laundering is an inter-governmental body which was set up in 1989. The objectives of the FATF include the combating of money laundering, terror financing and related areas through legal, regulatory and operational measures. It also works to eliminate any threats to the international finance framework. It has 37 permanent members inclusive of two regional organisations. European Commission and Gulf Cooperation Council are the two regional organisations which are a part of the FATF. Israel and Saudi Arabia are the two observer nations at FATF.
https://eurasiantimes.com/did-india-assert-its-influence-on-fatf-to-get-pakistan-on-they-grey-list/