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Pakistan Gets 3-month Reprieve from FATF

ISLAMABAD: Pakistan Foreign Minister Khawaja Asif has claimed that the country has successfully won a three-month reprieve from the Financial Action Task Force (FATF).

The US had moved a motion in FATF to put Pakistan on terror-financing watch list and had pushed Germany, UK and France to follow.

However, the subject was postponed for three months because of lack of consensus on the US-led motion.

The member states of the Financial Action Task Force (FATF) met in Paris at the start of this week.

They were to decide on the US motion to include Pakistan in the grey list of countries lagging behind regarding the terrorist funding regulations. The motion was supported by Britain, France, and Germany.

The foreign minister said in a tweet that Pakistan’s “have paid (off)” in a meeting on the said motion. He suggested that there was “no consensus for nominating Pakistan.”

He also claimed that the meeting considered a “three months pause” and asked the Asia Pacific Group, which is the part of the global watchdog, to take into consideration “another report in June.”

“Grateful to friends who helped,” the minister added.

It is pertinent to mention here that Pakistan has already submitted a report regarding the efforts it has made in preventing terrorist financing.
Nonetheless, the US put forth the said resolution before Pakistan’s report could be discussed in the meeting.

In the meanwhile, the FM is in Russia on a four-day official visit to hold talks with his Russian counterpart, Sergey Lavrov on the bilateral relations as well as to discuss to the regional and international issues.

 

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