FATF starts discussing Pakistan for Counter Terrorism watch list

FATF starts discussing Pakistan for Counter Terrorism watch list
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PARIS - *Discussions on Washington’s proposal to incorporate Pakistan on the list of countries supporting terrorism started on Sunday in Paris by a global anti-money laundering agency. *

Pakistan, if included on the list, will face enormous difficulties in terms of global money deals and foreign investors will face restrictions on their investments in Pakistan.

The Financial Action Task Force (FATF), a global anti-money laundering watchdog, is an intergovernmental organization that maintains grey and black lists for identifying countries that have failed to stop money-laundering and who finance terrorism.

The meeting, that started on Sunday, will last a week.

In addition to discussions on Pakistan, the funding of the construction of weapons of mass destruction by some countries, and the efforts of Iceland, Norway and Spain to counter money laundering are also on the agenda.

Two weeks ago, the United States proposed the inclusion of Pakistan on the list of countries sponsoring terrorists. The UK, France and Germany also came out in support of this move.

Over 700 delegates from FATF , as well as the United Nations, International Monetary Fund, World Bank and other partners, will attend the meetings.

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