PARIS – FATF’s proceedings are carried out in secrecy and hence FATFdecided not to mention Pakistan’s name in the Chairman’s summary.
Pakistan’s name will be included in the June list after all the proceduresare over.
Finance Minister of Pakistan and Pakistan Foreign Office formally informedof the action.
It is considered that three votes against a motion would break consensus.
In Pakistan’s case, during the initial ICRG (International CooperationReview Group) round there were three countries who voted against the motionof grey listing Pakistan – China, Saudi Arabia and Turkey.
Russia expressed reservations and objected to the resolution. HoweverRussia stood with Pakistan till the end when it was mutually agreed byPakistan Russia and China after China was being made the head of the FATFby US withdrawing US nominee Japan in China’s favour.Russia only withdrew when it was mutually agreed with Pakistan whenPakistan Russia and China agreed with the new proposal of China being madeThe head of FATF.