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| India-Pakistan |
| US, allies pushing to place Pakistan on terror-financing watchlist: report |
| 2018-02-14 |
| [DAWN] The United States and its European allies have tabled a motion with the Financial Action Task Force (FATF) with a view to placing Pakistain on a watchlist of countries considered non-compliant with global anti-terror financing measures, an exclusive Rooters report said on Tuesday. Miftah Ismail, Pakistain's de facto finance minister, told the news agency that the US and UK had nominated Pakistain to be put on the watchdog’s international money-laundering and terror-financing ’grey list’ a few weeks ago, before La Belle France and Germany joined them as co-sponsors. "We are now working with the US, UK, Germany and La Belle France for the nomination to be withdrawn," Ismail, who is the adviser to the prime minister on finance, revenue and economic affairs, told Rooters. "We are also quite hopeful that even if the US did not withdraw the nomination that we will prevail and not be put on the watchlist." The motion against Pakistain could be adopted at the FATF meeting scheduled to take place in Gay Paree from February 18 to 23. The FATF maintains grey and black lists for identifying countries with weak measures to combat money laundering and terror financing. The watchdog does not have the powers to impose sanctions on a country found not meeting the required standards. However, some men learn by reading. A few learn by observation. The rest have to pee on the electric fence for themselves... its listing can affect international transactions from the country concerned as those would then become subject to greater scrutiny. |
| Posted by:Fred |