‘As a result of FATF investigation, Pak was forced to take action against terrorists’: India on Pakistan’s departure from FATF gray list


New Delhi: India has said Pakistan must continue to take “credible, verifiable, irreversible and sustained” action against terrorism and terrorist financing originating from areas under its control. The comments were made by Foreign Ministry spokesman Arindam Bagchi in response to media inquiries about Pakistan’s removal from the Financial Action Task Force (FATF) gray list on Friday. “It is in the world’s interest that it remains clear to the world that Pakistan must continue to take credible, verifiable, irreversible and sustained action against terrorism and terrorist financing originating from areas under its control,” Bagchi said in a statement. . “As a result of the FATF’s investigation, Pakistan has been forced to take action against known terrorists, including those involved in attacks on the entire international community in Mumbai on 26/11,” he added.

“We understand that Pakistan will continue to work with the Asia Pacific Group on Money Laundering (APG) to further improve its Anti-Money Laundering (AML)/Counter Terror Financing (CFT) system,” the spokesperson said.

Also Read: Shehbaz Sharif’s First Statement on Pakistan’s FATF Departure: ‘Demonstrating Our Determined Efforts…’

In a statement, the FATF announced that Pakistan is no longer subject to the heightened surveillance process. The FATF reportedly welcomed Pakistan’s “significant progress in improving its AML/CFT (anti-money laundering and terrorist financing) regime.

Pakistan was included in June 2018 as one of the jurisdictions on the increased monitoring list for deficiencies in its legal, financial, regulatory, investigative, prosecution, judicial and non-governmental sectors in the fight against money laundering and countering terrorist financing , which are considered serious threats to the global financial system.

Islamabad has made high-level political commitments to address these deficiencies under a 27-point action plan. But later the number of action points was increased to 34.

The country had since worked with the FATF and its affiliates to strengthen its legal and financial systems against money laundering and terrorist financing to meet international standards in line with the FATF’s 40 recommendations, Dawn reported.

Also Read:Pakistan leaves anti-terrorist group FATF’s gray list, strategic concerns mount for India

A 15-strong joint delegation from the FATF and its Sydney-based regional subsidiary – Asia Pacific Group – had on-site visits to Pakistan from August 29 to September 2 to verify that the country is complying with the 34-point action plan that has been adopted. established with the FATF.

The authorities, who kept the delegation’s nationwide visit unobtrusive, later called it “a smooth and successful visit”. The delegation had detailed discussions with the relevant agencies under the authorization for a site visit by the FATF plenary in June 2022.

Pakistan considered that as a result of strenuous and consistent efforts over the past four years, it has not only achieved a high degree of technical compliance with FATF standards, but also ensured a high level of effectiveness through the implementation of two comprehensive FATF Action Plans.





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