FATF Lauds Pakistan on meausres against Terrorist Financing and Money Laundering

[Sneaker]

already been lauded by FATF

so then it is ok. once lauded, always lauded.. now pak can do anything, right?

 

[AgNoStiC MuSliM]

The report in the opening post of this thread relates to what happened in FEB 2015!!

The report also covers the 2015 plenary when it refers to the FATF's directions , though the piece is poorly written in that it does not make that clear.

Do you have the actual language from the FATF's June meeting?

so then it is ok. once lauded, always lauded.. now pak can do anything, right?

'Once lauded'? The review was in February 2015, not February 1947.

The FATF assessment is recent enough to where, barring significant failures in Pakistan's current efforts to meet FATF requirements or an update to FATF requirements, Pakistan should have no issues in the APG.

Apparently it wasn't just China that opposed the Indian move at the FATF - it was also opposed by Russia, New Zealand and Australia.

Trust the Indian Establishment and media to take a simple procedural non-issue and turn it into a massive hysteria-fest:

"India’s efforts to get a censure issued against Pakistan over its inaction against terrorist organisations like Jamaat-ud-Dawa (JuD) and Laskhar-e-Toiba (LeT) at an international forum — the Financial Action Task Force (FATF) in Brisbane, Australia — has drawn a blank with countries like China, Russia, New Zealand and Australia opposing the move."
India’s efforts to ‘name and shame’ Pak at international forum thwarted | The Indian Express

 

[Spring Onion]

How some of you Pakistanis love to rant!

The report in the opening post of this thread relates to what happened in FEB 2015!!

But at the meeting held in Brisbane, Australia just last week between 21 June and 26 Jun 2015, it was pointed out that Pakistan's enforcement of UN financial sanctions against terrorism will be closely monitored by Financial Action Task Force (FATF) through its associate body, the Asia Pacific Group on Money Laundering (APG), after India successfully blocked China's attempt at the recent FATF meet in Brisbane to save non-FATF member Pakistan from such scrutiny.

So don't jump and shout and thump your chests. What transpired at last week's meeting is an embarrassing wake-up call to Pakistan to shape up and stop sheltering its 'strategic assets'.

So whats so exciting for India here ? and what is sad here for Pakistan ? NOTHING. Because Pakistan had already banned terror organisations and UN sanctions are fully applied .

FATF already lauded Pakistan's commitment.

Pakistan is a non-FATF member but still if APG will monitor well nothing lost at our part. This development is only used by Indian media bringing in China to heal your own wounds and befool your janta nothing else.

 

[[Bregs]]

If Pakistan is acting against money laundering and fund raising by the banned organizations then its commendable effort in right direction

 

[GR!FF!N]

"India’s efforts to get a censure issued against Pakistan over its inaction against terrorist organisations like Jamaat-ud-Dawa (JuD) and Laskhar-e-Toiba (LeT) at an international forum — the Financial Action Task Force (FATF) in Brisbane, Australia — has drawn a blank with countries like China, Russia, New Zealand and Australia opposing the move."

you didn't post the reason......


“India tried to corner Pakistan at the international forum but it received resistance as the latter is not even a member there. Our intention was to use the platform to name and shame Pakistan and highlight its inaction against the terrorist organisations. We did not lose out completely and the matter has now been referred to APG. We have built a strong case and we will present all the details before the forum,” said a senior government official.

“Since the matter has been referred to APG now, Pakistan will have to explain how many bank accounts linked to terror organisations have been frozen and also the names and addresses of such account holders,” said the official.

meanwhile......



top Indian government sources said that despite China’s intervention stating that Pakistan was not a member of the Financial Action Task Force (FATF) and hence the issue could not be taken up at the forum, India managed to ensure that Islamabad is kept under scrutiny to comply with UNSC provisions under which it should freeze the terror trio’s economic resources.


At FATF’s meet, an arrangement was worked out wherein Pakistan’s action on terror financing will be evaluated by APG, which will then refer the issue to the FATF.

UN body to monitor Pakistan's compliance of sanction on Dawood, Lakhvi - The Express Tribune

read the whole article to understand it.We've accomplished what we wanted..and thats it.

 

[AgNoStiC MuSliM]

read the whole article to understand it.We've accomplished what we wanted..and thats it.

The Express Tribune is merely regurgitating the Times Of India article (which is a matter of shame for ET in that they chose to regurgitate Indian propaganda without doing any independent fact checking). Here is what the FATF Public Statement from its June Plenary says, and I don't see Pakistan mentioned specifically anywhere:
=========
FATF Public Statement - 26 June 2015
Brisbane, 26 June 2015 - The Financial Action Task Force (FATF) is the global standard setting body for anti-money laundering and combating the financing of terrorism (AML/CFT). In order to protect the international financial system from money laundering and financing of terrorism (ML/FT) risks and to encourage greater compliance with the AML/CFT standards, the FATF identified jurisdictions that have strategic deficiencies and works with them to address those deficiencies that pose a risk to the international financial system.

Jurisdictions subject to a FATF call on its members and other jurisdictions to apply counter-measures to protect the international financial system from the on-going and substantial money laundering and terrorist financing (ML/FT) risks emanating from the jurisdictions.

Iran
Democratic People’s Republic of Korea (DPRK)

Jurisdictions with strategic AML/CFT deficiencies that have not made sufficient progress in addressing the deficiencies or have not committed to an action plan developed with the FATF to address the deficiencies. The FATF calls on its members to consider the risks arising from the deficiencies associated with each jurisdiction, as described below.

Algeria
Myanmar
Documents:- FATF Public Statement - 26 June 2015 - Financial Action Task Force (FATF)
======
Now, here is the key part of the Indian brouhaha over 'APG' - the APG Charter itself lays out requirements for continued membership of the APG, and those requirements include continuing evaluation of member States for taking measures against terrorist financing and money laundering. So Pakistan (and every other member of the APG) is monitored and evaluated by APG for compliance - so what exactly did Indian accomplish here other than pointing out the membership requirements of the APG? Seriously, Modi and his nutcases will find a way to twist a gust of wind into a 'magnificent achievement of Modi Ji by which he convinced the air to change direction and isolate Pakistan'.

==========
5.2 Membership Requirements
Membership of the APG is open to any jurisdiction within the Asia/Pacific region which:
1. Recognises the need for action to be taken to combat money laundering and the financing of terrorism and proliferation;
2. Recognises the benefits to be obtained by sharing knowledge and experience;
3. Has taken or is actively taking steps to develop, pass and implement combating money laundering and the financing of terrorism and proliferation legislation and other measures based on accepted international standards;
4. Subject to its domestic laws, commits itself to implementing the decisions made by the APG;
5. Commits itself to participation in the mutual evaluation programme;

5.4 Failure to Satisfy Membership Requirements
Failure by a member to satisfy the membership requirements set out in paragraph 5.2 of these APG Terms of Reference 2012 is a serious matter and includes, but is not limited to, where a member shows insufficient progress in response to a mutual evaluation report or fails to respond to APG mutual evaluation follow-up processes.

 

[Areesh]

so then it is ok. once lauded, always lauded.. now pak can do anything, right?

As @AgNoStiC MuSliM said it was lauded in Feb 2015 not Feb 1947.

 

[Sneaker]

As @AgNoStiC MuSliM said it was lauded in Feb 2015 not Feb 1947.

Last time I checked date it was June 15, not Feb 15

 

[IceCold]

The Express Tribune is merely regurgitating the Times Of India article (which is a matter of shame for ET in that they chose to regurgitate Indian propaganda without doing any independent fact checking). Here is what the FATF Public Statement from its June Plenary says, and I don't see Pakistan mentioned specifically anywhere:
=========
FATF Public Statement - 26 June 2015
Brisbane, 26 June 2015 - The Financial Action Task Force (FATF) is the global standard setting body for anti-money laundering and combating the financing of terrorism (AML/CFT). In order to protect the international financial system from money laundering and financing of terrorism (ML/FT) risks and to encourage greater compliance with the AML/CFT standards, the FATF identified jurisdictions that have strategic deficiencies and works with them to address those deficiencies that pose a risk to the international financial system.

Jurisdictions subject to a FATF call on its members and other jurisdictions to apply counter-measures to protect the international financial system from the on-going and substantial money laundering and terrorist financing (ML/FT) risks emanating from the jurisdictions.

Iran
Democratic People’s Republic of Korea (DPRK)

Jurisdictions with strategic AML/CFT deficiencies that have not made sufficient progress in addressing the deficiencies or have not committed to an action plan developed with the FATF to address the deficiencies. The FATF calls on its members to consider the risks arising from the deficiencies associated with each jurisdiction, as described below.

Algeria
Myanmar
Documents:- FATF Public Statement - 26 June 2015 - Financial Action Task Force (FATF)
======
Now, here is the key part of the Indian brouhaha over 'APG' - the APG Charter itself lays out requirements for continued membership of the APG, and those requirements include continuing evaluation of member States for taking measures against terrorist financing and money laundering. So Pakistan (and every other member of the APG) is monitored and evaluated by APG for compliance - so what exactly did Indian accomplish here other than pointing out the membership requirements of the APG? Seriously, Modi and his nutcases will find a way to twist a gust of wind into a 'magnificent achievement of Modi Ji by which he convinced the air to change direction and isolate Pakistan'.

==========
5.2 Membership Requirements
Membership of the APG is open to any jurisdiction within the Asia/Pacific region which:
1. Recognises the need for action to be taken to combat money laundering and the financing of terrorism and proliferation;
2. Recognises the benefits to be obtained by sharing knowledge and experience;
3. Has taken or is actively taking steps to develop, pass and implement combating money laundering and the financing of terrorism and proliferation legislation and other measures based on accepted international standards;
4. Subject to its domestic laws, commits itself to implementing the decisions made by the APG;
5. Commits itself to participation in the mutual evaluation programme;

5.4 Failure to Satisfy Membership Requirements
Failure by a member to satisfy the membership requirements set out in paragraph 5.2 of these APG Terms of Reference 2012 is a serious matter and includes, but is not limited to, where a member shows insufficient progress in response to a mutual evaluation report or fails to respond to APG mutual evaluation follow-up processes.

A shut up call to Indians was long over due. You Sir just delivered that. Too bad i am not a in a position to give positive rating, this post surely deserves one.

 

[OrionHunter]

So whats so exciting for India here ? and what is sad here for Pakistan ? NOTHING. Because Pakistan had already banned terror organisations and UN sanctions are fully applied .

Huh? Banned on paper. Your so called 'banned' organizations are still making merry, c0cking a snook at the world what with General Hafiz Seed who even has a bounty of $10 million on his head and his ilk roaming free and holding rallies ranting shit against the U.S, Israel, India etc.

And far from freezing the accounts of terrorist organizations like the JuD which is banned by the UN, your Punjab government headed by Prime Minister Nawaz Sharif's PML-N party had recently allocated over Rs 61 million to it!!!

Besides a grant-in-aid of over Rs 61 million in its budget for fiscal 2013-14 for 'Markaz-e-Taiba', the largest centre of the JuD, the provincial government has allocated Rs 350 million for setting up a so called "Knowledge Park" at the centre, a euphemism for funding its terror activities.

If this is not hypocrisy, what is? Your arguments sound hollow. Funding the 'good' terrorists will continue as they are Pakistan's 'strategic assets', never mind if it is against all norms of international rules and conduct.