PARIS: Pakistan successfully defeats India’s aggressive plan in theFinancial Action Task Force as Indian bid to blacklist Pakistan wasrejected by member countries.
Pakistan escaped being blacklisted and has been asked to meet the standardsset by the international watchdog Financial Action Task Force (FATF) tillFeb 2020.
Speaking after the week-long deliberations and discussions, FATF PresidentXiangmin Liu said that Pakistan has made progress towards money launderingand terror financing and we acknowledge these steps taken by the newgovernment.
“The FATF strongly urges Pakistan to swiftly complete its full action planby February 2020,” the statement issued by the intergovernmentalorganization said.
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“Otherwise, should significant and sustainable progress not be made acrossthe full range of its action plan by the next Plenary, the FATF will takeaction.”
The outcome of the FATF plenary has poured cold waters on the government ofIndian PM Narendra Modi which was trying hard to get Pakistan blacklisted.
