US likely to support Pakistan at FATF in Paris

According to reports, the United States is likely to support Pakistan at the coming plenary of the Financial Action Task Force (FATF) in Paris.

This will at least ensure that Pakistan is not placed in the “black list”, if not removed from the “grey list”.

The plenary of the Financial Action Task Force will be held in Paris from 16 February to 21 February where it will be reviewing the efforts of Pakistan in checking flow of funds to terrorist organizations through sealing off any loopholes.

The Turkish President Erdogan on his latest visit to Pakistan said that Turkey will stand by Pakistan at the Financial Action Task Force (FATF) regardless of any pressure.

Other countries that include China Malaysia are also likely to stand by and support Pakistan at the plenary of the Financial Action Task Force (FATF).

Pakistan is currently at good terms with the United States especially following the recent conviction of Hafiz Saeed which was termed as “an important step forward” US Assistant Secretary of State for South and Central Asian Affairs Alice Wells.

According to her, Pakistan is meeting “international commitments” as promised by the Khan government to “combat terrorist financing”.

Pakistan was put in the grey list by the FATF back in 2018 when the US supported the move. What does that mean? It is basically a list of “jurisdictions with strategic deficiencies in its legal regime to check money laundering and terrorist financing”.

The newly elected Pakistan Tehreek-e-Insaf government of in June 2018 made a commitment to work with the Financial Action Task Force (FATF) to solve these issues and plug or seal any such loopholes that exist.

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