FATF: Pakistan removed from the gray list due to successful strategy of Pakistan Army……..Report ;Asghar Ali Mubarak ………….Islamabad………..Pakistan has been removed from the gray list of Financial Action Task Force (FATF) due to successful strategy of Pakistan Army.The status of the list was decided on the last day of the FATF meeting in Berlin, Germany.Even if Pakistan is removed from the gray list, it will take 7 to 8 months for the issues to be settled. The work is done.After being removed from the gray list, the Financial Action Task Force team will now visit Pakistan to assure itself that work on their recommendations has been completed.The two remaining recommendations to the FATF team included amendments to the law as well as concerns over its implementation, which were removed on the special instructions of Pakistan Army Chief General Qamar Javed Bajwa.For this purpose, for the first time in the history of the country, after the appointment of two military leaders (DG ISI and DGMO) in the National Executive Committee, the Chief of Army Staff General Qamar Javed Bajwa formed a special cell.The main purpose of which was to distance the FATF’s reservations and implement the proposed points. Pakistan this time also informally clarified its position to the member countries at the diplomatic level, which Pakistan help to removed from the gray list.The FATF had asked Pakistan to implement 34 points in two phases. In the last meeting, Pakistan had already implemented 33 out of 34 conditions.This time Pakistan has implemented all 34 points. A FATF delegation will be sent to Pakistan to review Pakistan’s performance report.Pakistan has been on the gray list of Financial Action Task Force since June 2018. On the orders of Army Chief General Qamar Javed Bajwa, a special cell headed by Major General was set up in GHQ . The cell sets up coordination mechanism between different departments, ministries and agencies.The cell has effectively cracked down on money laundering, terror financing, extortion, kidnapping for ransom and targeted killings.The distance of FATF’s reservations and the implementation of the proposed points. Thanks to the tireless work of this cell day and night, liaison between more than 30 institutions, timely legislation and full enforcement actions, Pakistan has achieved 34 points out of 34 of FATF.Indian conspiracy to blacklist Pakistan fails.General Qamar Javed Bajwa, Chief of the Pakistan Army, formed a special cell, the main purpose of which was to remove the FATF’s reservations and implement the proposed points. Thanks to the tireless work of this cell day and night, liaison between more than 30 institutions, timely legislation and full enforcement actions, Pakistan has achieved 34 points out of 34 of FATF.It is quite clear that Pakistan’s enemy countries were using the Financial Action Task Force as a weapon because they wanted to put pressure on Pakistan for their nefarious purposes.Because they wanted to put pressure on Pakistan for their nefarious purposes. FATF is accepting the political pressure and influence of some countries which is why it did not remove Pakistan from the gray list. The secret was revealed in a confessional statement by the Indian foreign minister who claimed that the Bharatiya Janata Party (BJP) government led by Narendra Modi had ensured that Pakistan was placed on the FATF’s gray list. The Indian foreign minister’s confession raised serious questions about the integrity and transparency of the FATF. In the past, the claim that Pakistan was on the FATF’s gray list confirms India’s involvement, but unfortunately neither. The Financial Action Task Force (FATF) took note of the alarming statement and took action. No legal action has been taken against him. Minister of State for Foreign Affairs Hina Rabbani Khar, who represented Pakistan at the meeting, briefed the Minister on the steps taken by the Minister of State for Pakistan to implement the FATF strategy.The Financial Action Task Force set up by the G7 Group of Developed Economies to safeguard the global financial system; FATF) is a global watchdog, originally set up to deal with money laundering. But its role has become more prominent since the 9/11 terrorist attacks. Following the attacks, the FATF stepped up its operations and its scope includes investigations into terrorist financing. In 2003, the FATF issued a new set of instructions, where it issued instructions to countries. An action plan is then drawn up, which addresses this shortcoming. The FATF’s gray list creates countries that are considered safe havens for terrorist financing and money laundering. Although listing is not as severe as being blacklisted. This is a warning to the country to deal with the problems. The Financial Action Task Force on Money Laundering is a global organization formed on the initiative of the G-7 countries (US, UK, Canada, France, Italy, Germany and Japan) to monitor these countries and impose economic sanctions. Those who do not co-operate in global efforts against terrorism and co-operate financially with terrorists who are considered a threat to world peace. The FATF will hold a meeting in October this year in Paris, France. The FATF Joint Assessment Group will visit Pakistan in July or August to review the implementation of the Action Plan.
