FM Qureshi questions FATF working

Asks whether Fatf is technical forum or political one: Says some forces want sword to keep hanging over Pakistan

By: News Desk      Published: 12:10 PM, 26 Jun, 2021
FM Qureshi questions FATF working
File photo.

Foreign Minister Shah Mehmood Qureshi on Saturday raised questions about the working of the Financial Action Task Force (FATF), asking whether the FATF is a technical or political forum, reported 24NewsHD TV channel. 

In a statement issued in Islamabad, Qureshi questioned the FATF decision of keeping Pakistan on its increased monitoring list, widely known as the grey list after the country completed 26 out of the 27 points under the action plan given to it by the financial watchdog.

The FATF, after a five-day plenary meeting, appreciated on Friday Pakistan's progress and efforts to address items on its country action plan and announced to keep Pakistan on its grey list till it addressed "the one remaining CFT-related item". It has also handed the government six new anti-money laundering areas to work on.

See Also: FATF keeps Pakistan on the grey list once again 

In response to the FATF verdict, Qureshi said "It is to be determined whether FATF is a political forum or a technical one and whether it is being used to achieve political objectives."

He said that as far as the issue of addressing the FATF's action plan is concerned, Pakistan has completed work on 26 points and added: "Significant progress has been made on the 27th point and we intend to do more."

See Also: Pakistan won’t be placed on FATF blacklist, says Hammad Azhar

"In my view, in such a situation, there is no reason to keep Pakistan on the grey list," Qureshi said and regretted that some forces want the sword to continue hanging over Pakistan.

Pakistan, the foreign minister said, is taking steps in its own interest. "What is our interest? Our interest is to curb money laundering and terror financing and whatever is in our interest we will continue to do so."