Rehman Malik urges FATF to put India’s name on grey list

By: INP      Published: 11:52 PM, 19 Oct, 2020
Rehman Malik urges FATF to put India’s name on grey list
Senate Standing Committee on Interior Chairman Rehman Malik.–File photo–File photo

Senate Standing Committee on Interior Chairman Rehman Malik on Monday wrote a letter to President of the Financial Action Task Force (FATF) Dr Marcus Pleyer, urging him to place India on the grey list of the FATF for its involvement in money laundering through 44 banks mentioned in the suspicious activity reports (SARs) by the US banks.

In his letter, Senator Rehman Malik has referred to his earlier letters dated 14th February, 2019 and 12th March, 2019 wherein he had pleaded for action against Indian Prime Minister Narendra Modi and his government for protecting international fugitives involved in biggest ever credit fraud and money laundering. In his earlier letters, he has also requested removal of Pakistan’s name from the FATF grey list.

Senator Rehman Malik says the world has noticed a vast variation between the given mandate and the assumed one by the FATF and panel actions against various countries, including Pakistan. He says, “The Financial Action Task Force is an inter-governmental body whose purpose is development and national and international policies to combat money laundering and terrorist financing. The FATF is therefore a ‘Policymaking body’ created in 1989 that works to generate the necessary political will to bring about legislative and regulatory reforms in these areas.”