India has succeeded in creating an atmosphere globally against Pakistan. In the coming days at the diplomatic level, India has planned to harm Pakistan financially. India is in touch with all non -permanent members of UNSC. The issue of European Affairs will also raise the issue. India is considering various options to prevent terrorist funding in Pakistan. This includes the FATF gray list to strengthen efforts to bring back Pakistan. FATF monitors money rigging and money given to terrorism worldwide. Apart from this, objections to IMF funding are also included. India says that Pakistan can use this money for wrong things and terrorist attacks.
Also read: Yes, we have brought terrorists … After the Defense Minister, now Bilawal also confessed the mistake, but will Pakistan improve its mistake?
What is FATF
The Financial Action Task Force (FATF) is a monitoring agency created by the G-7 Group. It is to be established at the international level money laundering, terrorism and dissemination of destructive weapons and finance. This sets international standards aimed at preventing such activities to prevent such illegal activities. It targets countries after monitoring, such as legal action against terrorists, advises to enact laws to prevent arms smuggling. If the countries do not do this, then it puts it in his gray or black leak. Going to these list reduces the chances of taking a loan from the international bank. Its meeting is held three times in a year.
FATF What is the work of?
FATF makes rules for many countries to monitor money laundering and terror funding. To deal with dangers such as terrorist financing and promote effective implementation of other legal, regulatory and operating measures for the integrity of the international financial system. Whenever a country strengthens economic organizations by sheltering or promoting terrorist organizations, it is called Terror Funding.
Gray and Black List
FATF releases gray and black list. The gray list keeps countries that are moving towards money laundering and terraler funding cases. In a way in this list, these countries are warned to control their situation in time. At the same time, any country joining the black list of FATF means that that country will stop getting financial assistance by international financial institutions.
What are the countries of the world?
There are now 23 countries in the world in the gray list of FATF, officially known as “strategic deficiencies jurisdiction”. Pakistan was put in the ‘Gray List’ in June 2018. He was taken out of this list in October 2022. When Pakistan was removed from the ‘gray list’, India said that Pakistan was forced to take action against some well-known terrorists. These included terrorists involved in the 26/11 Mumbai attacks. In short, all these countries have failed to prevent international money laundering and terrorist financing in the FATF assessment, and therefore, in the global monitoring list. The updated gray list consists of some other countries Philippines, Syria, Yemen, Zimbabwe, Uganda, Morocco, Jamaica, Cambodia, Burkina Faso and South Sudan and Barbados etc. The APATF has also excluded two countries Botswana and Mauritius from the gray list.
