INDIA Trying to politicize the FATF proceedings, Pakistan

Pakistan made progress on countering money laundering and terror financing as the Asia/Pacific Group, progress positively with compliance on 36 of the 40 parameters

ISLAMABAD :Pakistan on Monday urged the Financial Action Task Force (FATF) to take notice of India’s continuing malicious campaign against it and the attempts to politicize the FATF proceedings.

Pakistan made progress on countering money laundering and terror financing as the Asia/Pacific Group on Money Laundering (APG) has highlighted Pakistan’s progress positively with compliance on 36 of the 40 parameters, while the Joint Working Group (JWG) has categorized Islamabad as compliant on 10 points out of total 27 points of action plan.

In a statement issued by the Foreign Office, Pakistan rejected the recent comments by the Indian defense minister claiming that FATF could anytime blacklist Pakistan.

“The statement reinforces Pakistan’s concerns, repeatedly highlighted to the FATF membership, about India’s attempts to politicize the FATF proceedings to further its narrow, partisan objectives,” the FO statement said.

Remember that 3 days before indian defence minister Rajnath Singh remarks International money laundering watchdog Financial Action Task Force (FATF) can anytime blacklist Pakistan for terror financing.

In August, the Asia Pacific Group of the FATF had put Pakistan in a terror ‘blacklist’ for its failure to curb funneling of funds to groups responsible for attacks in India, international media reported.