India is pressing for Pakistan’s downgrading at the FATF meeting, given Islamabad’s continued support for terrorists.Jun 19, 2019, 11.26 PM ISTBCCLIndia seeks blacklisting; meeting to review Pakistan role in curbing terror funding.NEW DELHI: The Financial Action Task Force (FATF) on Thursday will take up the grey listing of Pakistan. India is pushing to blacklist Pakistan at the ongoing Financial FATF meeting in Orlando, USA, which among other issues is reviewing Pakistan’s sincerity and action to curb terror financing.
The meeting, which began on Sunday and will continue till Friday, is expected to take a call on whether to keep Pakistan on the ‘grey’ list or downgrade it to the ‘black’, sources privy to the proceedings told ET.
India is pressing for Pakistan’s downgrading at the FATF meeting, given Islamabad’s continued support for terrorists and their networks involved in terror activities in India, sources emphasised.
Recent actions by Pakistan against Mumbai terror attack mastermind Hafiz Saeed’s JuD (Jamaat-ud-Dawa) is nothing but cosmetic, another source indicated. However, some sources said it is unlikely that Islamabad may be blacklisted in this meet despite non-compliance of more than 90 percent of FATF’s recommendations. It will continue to remain in grey list, till October 2019.
Pakistan needs the support of at least 15 of FATF’s 36 voting members to move out of the ‘grey list’ and it needs three votes to prevent blacklisting. If Pakistan remains in the ‘grey list’, the Imran Khan government will find it difficult to source foreign investments amid worsening economic crisis.
The meeting in Orlando is taking place amid reports in a section of the media that Pakistan had warned the Indian High Commission in Islamabad and the US a few days ago of a possible car bomb attack in Kashmir’s Pulwama region. However, there has been no official confirmation of these reports either by India or Pakistan.
Pakistan has been on the FATF’s grey list since last year. Last June, Islamabad had committed to working with the FATF to strengthen its anti-money laundering and terror financing mechanisms. Pakistan and the FATF had then mutually agreed on a 10-point action plan with specific deadlines.
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