The world should be clear that Pakistan must continue to take “credible, verifiable and irreversible” steps against terrorism, India said, after the FATF removed the neighboring country from its “grey list”. The Paris-based Financial Action Task Force (FATF) has removed Pakistan from the list of countries under enhanced surveillance, also known as the ‘grey list’.
“It is in the global interest that it remains clear to the world that Pakistan must continue to take credible, verifiable, irreversible and sustained action against terrorism and terrorist financing emanating from territories under its control,” External Affairs Ministry spokesman Arindam Bagchi said on Friday. He answered journalists’ questions about this issue.
“As a result of the FATF review, Pakistan has been forced to take some action against known terrorists, including those involved in the 26/11 Mumbai attacks against the entire international community,” Bagchi said. “We understand that Pakistan will continue to work with the Asia-Pacific Anti-Money Laundering Group (APG) to further improve its anti-money laundering (AML) or counter-financing of terrorism (CFT) system,” he added.
Pakistan was removed from the “grey list” as a result of Islamabad’s “high-level political commitment” to address the money-laundering threat and implement reforms in its existing monitoring mechanism, the watchdog said. The decision was taken by the FATF at its plenary session in Paris on October 20-21. Subsequently, in a virtual press conference, FATF President T Raja Kumar, who hails from Singapore, said Pakistan had largely addressed all the 34 points flagged by the watchdog. However, he said that Pakistan still needs to continue working in this regard and the FATF encourages it to work with its Asia-Pacific group to fight financial terrorism and money laundering.
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