India and the United States today, embraced the decision taken by the Paris-based Financial Action Task Force (FATF) to greylist Pakistan as an “international pariah” of terror. This comes as a result of underperforming in rooting out the prime source of finance for terrorists.
The watchdog known as FATF on Jul 27 greylisted Pakistan for its support for terror. Pakistan has avoided this type of ‘blacklist’ by complying with a 26-point action plan created by the International Cooperation Review Group (ICRG) of the Asia Pacific Group.
According to Times Of India, India’s ministry of external affairs in a statement said, “India welcomes the decision of the Financial Action Task Force to place Pakistan in its Compliance Document (greylist) for ICRG monitoring.”
The FATF was established in 1989 to combat money laundering, terrorist financing and other threats to the integrity of the international financial system. To avoid this shame of blacklist, Pakistan has to by January, update and publish the lists of persons and entities prescribed under the Anti-Terrorism Act and the UN-designated entities.
A top US official said, “Pakistan has outstanding counterterrorism deficiencies consistently raised by the Financial Action Task Force and needs to take actions, including on the raising and moving of funds of UN-designated terrorist groups.” The list that Pakistan has agreed to work with includes 26-point plan to root out and erase all sources of financing terror groups within its borders.
This includes India-focussed Lashkar-e-Toiba (LeT) and the Jaish-e-Mohammed (JeM), and any other entities associated with these two parent groups’ head, the Jamaat-ud-Dawa (JuD).
“The freedom and impunity with which the designated terrorists like Hafiz Saeed and entities like JuD, LeT, JeM continue to operate in Pakistan is not in keeping with such commitments” by Pakistan so far, said India’s external affairs ministry.
“Pakistan has given high level political commitment to address global concerns on implementation of FATF standards for countering terror financing and anti-money laundering, especially in respect of UN-designated and internationally proscribed terror entities and individuals,” said India.
Further, India said that it hopes Pakistan comes true on their commitments and they also implied that the 26-point plan will not be easy to implement. Also, these kinds of restriction won’t happen or at least not easily and not so soon. In the list released by FATF Pakistan is placed ninth. The others include Ethiopia, Serbia, Sri Lanka, Syria, Trinidad and Tobago, Tunisia and Yemen.