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Pakistan under pressure from India, Fear of Being Blacklisted by FATF

With the increasing pressure of India after the Pulwama attack, Pakistan is beginning to fear the huge loss. Pakistan's Foreign Minister Shah Mahmood Qureshi expressed concern over Tuesday that due to India's lobbying, Pakistan can be put in the FATF Black List. Even if Pakistan remains in the FATF's gray list, it will still have to bear the loss of $ 10 billion annually (about 69 thousand crore rupees).

After the terrorist attacks in Pulwama, Jammu and Kashmir on 14th February, Pakistan is facing the pressure of the international community. Jaish-e-Mohammad, a terrorist organization run by Pakistan, took responsibility for this attack. Through efforts to stop India's terrorist activities consistently, Pakistan is beginning to fear FATF's blacklist. In June 2018, the FATF had put Pakistan in the list of protected countries (gray list). Before that, Pakistan has lived in the gray list of FATF from 2012 to 2015. This process against Pakistan started in February 2018, when FATF had approved Pakistan's nomination under the supervision of its International Cooperation Review Group. It is known as the gray list.

India is making every possible effort to stop terrorism and funding terrorist organizations by Pakistan. FATF members who visited Pakistan in March last year raised questions about ground action against eight organizations prohibited. Members had said that so far the investigative organizations of the banned organizations have not even been investigated. They are still collecting funds and making rallies. While Pakistan could not provide adequate evidence to FATF for financial assistance to terrorist organizations such as Jaish, Jamtat Uday Dawa and Haqqani. FATF has asked Pakistan to strengthen Risk Supervision, as well as to provide sufficient evidence in the context of curbing tire funding. Yet Pakistan has not done any concrete task on this. An action plan of 15 months was kept from Pakistan and it was told that what measures have been taken to stop the money laundering and the way for the terrorists' money.

Significantly, the FATF is an inter-governmental organization based in Paris. Its work is to create rules to prevent illegal economic aid. It was formed in 1989. It works in the prevention of money laundering and financing of terrorism, its headquarters is in Paris.

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