Miscellaneous

Is FATF going to blacklist Pakistan?

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Is FATF going to blacklist Pakistan?

With the help of China, Turkey and Malaysia, Pakistan has avoided coming on FATF’s blacklist, but it has been on its ‘grey list’ for quite some time. Getty Images Pakistan has so far avoided being on the blacklist with the help of China, Turkey and Malaysia.

Which country is blacklisted by FATF?

As of 2019, FATF has blacklisted North Korea and Iran over terror financing. Jordan, Mali, Turkey were added to the grey list on Thursday. Bahamas, Cambodia, Ethiopia, Ghana, Pakistan, Panama, Sri Lanka, Syria, Trinidad and Tobago, Tunisia and Yemen are also on the grey list.

What is FATF Greylist?

When the FATF places a jurisdiction under increased monitoring, it means the country has committed to resolve swiftly the identified strategic deficiencies within agreed timeframes and is subject to increased monitoring. This list is often externally referred to as the “grey list”.

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How many countries are there in blacklist of FATF?

FATF on terror financing As of 2019, FATF has blacklisted North Korea and Iran over terror financing. Twelve countries are in the grey list, namely: Bahamas, Botswana, Cambodia, Ethiopia, Ghana, Pakistan, Panama, Sri Lanka, Syria, Trinidad and Tobago, Tunisia and Yemen.

Will Pakistan be blacklisted by the FATF in 2020?

As things stand now, Pakistan is in the ‘Ongoing Process Statement’, according to the FATF website updated as of October 2019. When Pakistan comes up for review at the next Financial Action Task Force (FATF) Plenary in Paris during February 16-21, 2020, contrary to general perception, it’s not likely to be ‘blacklisted’.

What progress has Pakistan made in combatting terror and terror financing?

It’s anybody’s guess as to what progress Pakistan has made in combatting terror and terror financing. As things stand now, Pakistan is in the ‘Ongoing Process Statement’, according to the FATF website updated as of October 2019.

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Should India impose sanctions on Pakistan for terrorism?

Nevertheless, with Pakistan hardly doing anything about it aiding terror groups, imposition of sanctions by its members could be the logical way to go about. But, that too, may not happen as Pakistan may benefit from certain frailties —and India should be wary of that.