• search
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Help us get out of FATF Grey List, Pakistan urges US

|

Islamabad, Jan 21: Pakistan has urged the US to support its bid to exit from the grey list of the FATF ahead of a key meeting of the international terror financing watchdog in Beijing in which it will scrutinise Islamabad's efforts to adopt stricter laws against terror financing and money laundering.

A Pakistani delegation arrived in Beijing on Sunday for the three-day face-to-face talks with the Financial Action Task Force Working Group that would start on January 21. The briefing will go over whether Pakistan has complied with an earlier agenda presented to it by the Paris-based financial task force, The News reported.

Help us get out of FATF Grey List, Pakistan urges US

The Pakistani delegation is being led by Minister for Economic Affairs Division Hammad Azhar and comprises representatives of National Counter Terrorism Authority (Nacta), the foreign ministry, the State Bank of Pakistan (SBP), among others.

The FATF in October decided to keep Pakistan on its 'Grey' list for failure to curb funnelling of funds to terror groups LeT, JeM and others. If not removed off the list by April, Pakistan may move to a blacklist of countries that face severe economic sanctions, such as Iran.

Pakistan gets Parliament nod for bill to meet FATF deadline

    NEWS AT NOON, JANUARY 21st, 2020

    Pakistan has submitted a 650-page review report to the FATF on January 8. The report was submitted in response to 150 questions raised by the FATF regarding new Pakistani policies on money laundering. The report outlined the steps taken by Pakistan between October 2019 to January 2020 to implement the group's recommendations.

    Foreign Minister Shah Mehmood Qureshi at a media briefing in Washington on Friday said that Pakistan hoped the US would back its efforts to get it off the list at the FATF's Beijing meeting, the Dawn newspaper reported.

    "This meeting is very important for us as it leads to a plenary meeting in Paris in April where the world body will decide whether Pakistan remains on the list or is taken off," he said.

    Qureshi concluded his three-day visit to the US on Friday after a series of meetings with key US lawmakers and officials, including Secretary of State Mike Pompeo and National Security Adviser Robert O'Brien.

    The foreign minister spent the week touring Iran, Saudi Arabia and the US on a diplomatic mission meant to defuse tensions between Washington and Tehran.

    At his news briefing, Qureshi also urged the US to review its travel advisories for Pakistan and encourage investments in the country. US travel advisories still present Pakistan as a country Americans should avoid travelling because of terrorism threats.

    Asked why the FATF's Beijing meeting was important, Qureshi said that decisions taken in China's capital would also impact the Force's Paris plenary, which would decide whether Pakistan stayed in or was taken off the grey list.

    "We want our American friends to tell us what's their policy," he said. "You share with us what measures you have taken or intend to."

    FATF blacklisting may affect Pakistan's capital inflows: IMF Report

    The minister acknowledged that removal from the FATF list could not happen overnight, but said that the US could enhance its engagements with Pakistan while waiting for the removal.

    Qureshi noted that in his meetings with Prime Minister Imran Khan last year, US President Donald Trump had said that he wanted to see Pakistan off the FATF grey list. "So, we expect US officials to work for it now."

    The foreign minister said Islamabad had taken several concrete steps to meet FATF demands and the time had come for the US to fulfil President Trump's pledge.

    For Daily Alerts
    Get Instant News Updates
    Enable
    x
    Notification Settings X
    Time Settings
    Done
    Clear Notification X
    Do you want to clear all the notifications from your inbox?
    Settings X
    X
    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more