ISLAMABAD: Pakistan has raised an objection over India’s inclusion in the Financial Action Task Force (FATF) Asia Pacific Group on Saturday, ARY News reported.
Finance Minister Asad Umar has written a letter to the FATF registering Pakistan’s protest on the latest member induction.
“India has an aim to impede Pakistan’s economic progress,” he wrote in the letter.
He underlined that recent violations of line of control by India demonstrated the mindset of the neighbouring country.
Read also: FATF acknowledges Pakistan’s anti-money laundering steps, urges further quick steps
Umar wrote that India was lobbying hard to isolate Pakistan in the international world.
The finance minister said Pakistan was implementing the action plan given by the FATF and pursuing it rigorously.
He feared that Pakistan would be harassed with the inclusion of India in the FATF Asia Pacific Group.
Meanwhile, the FATF on Friday in its appraisal of the Pakistan’s progress over combating money laundering and terrorism financing called the steps taken by the countrysatisfactory, however, the body advised to take quick steps to meet its May 2019 deadline, so as to be de-listed.
The FATF had placed Pakistan on a money laundering “grey list” early in 2018 but given it time to take action against further downgrade.
“Since June 2018, when Pakistan made a high-level political commitment to work with the FATF to strengthen its anti money laundering/combating financing of terrorism regime and to address its strategic counter-terrorist financing-related deficiencies, Pakistan has taken steps towards improving the regime, including by operationalising the integrated database for its currency declaration regime,” the body said in a statement.
In order to qualify for a de-listing, the FATF has urged that, Pakistan should continue to work on implementing its action plan to address its strategic deficiencies.
The post Pakistan protests India’s inclusion in FATF Asia Pacific Group appeared first on ARYNEWS.
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