Data exposes FATF ‘politicised’ approach focusing on Muslim states together with Pakistan


Contrary to its claims of appearing beneath no affect, the Financial Action Task Force (FATF) is uncovered to be toeing a “politicised” approach notably focusing on the Muslim states, information reveals.

On Thursday, the anti-money laundering watchdog determined to retain Pakistan in its gray checklist asking the nation to finish concurrent motion plans, although it already had complied with 30 of 34 really helpful gadgets.

“Overall, Pakistan is making good progress on this new action plan. Four out of the seven items are now addressed or largely addressed,” FATF President Dr Marcus Pleyer informed media.

Read extra: FATF opinions Pakistan’s 100% compliance report

According to the Infolytics points compiled by the Islamabad Policy Research Institute (IPRI), Pakistan is likely one of the few international locations which had the bottom ratio of non-compliance of FATF motion plan.

But paradoxically, the nation continues to stay on the gray checklist regardless of having sacrificed round 80,000 lives and struggling the financial lack of $150 billion after becoming a member of the US-led conflict towards terrorism.

Contrary to Pakistan, the non-compliance ratio of France – home to FATF headquarters – is 25% however the watchdog has turned a blind eye.

Similarly, different international locations together with the US with a non-compliance ratio of 22.5%, Japan 27.5%, New Zealand 30%, Georgia 32.5%, South Korea 20% and Russia 12.5% are out of the gray checklist.

Pakistan has lengthy been observing that the worldwide terror financing watchdog was getting used as a political device to serve the vested pursuits of some international locations and the current enlistment of Turkey within the gray checklist has substantiated the declare.

Also learn: Pakistan is check case for FATF’s equity: legislation minister

The agency stance of Turkish President Recep Tayyip Erdogan notably on Muslim world points like Indian Occupied Jammu and Kashmir (IIOJK), Palestine and particularly Islamophobia has been pinching the western powers.

Similarly, Prime Minister Imran Khan can also be amongst just a few Muslim world leaders who strongly fought the case of Islamophobia internationally together with the UN General Assembly.

He is the one chief who blasted India on the UNGA exposing the so-called greatest democracy for its huge human rights abuses in IIOJK.

Recently, the Indian External Affairs Minister S Jaishankar confessed to influencing the FATF to maintain Pakistan on the “grey list” which raised severe questions on the integrity of the watchdog.

Reacting strongly Foreign Minister Shah Mahmood Qureshi mentioned: “Manipulating an important technical forum for narrow political designs against Pakistan is disgraceful but not surprising for the Modi government.”

Indian information company ANI quoted Jaishankar on Sunday as saying; “Due to us, Pakistan is under the lens of FATF and it was kept in the grey list.”

The Foreign Office spokesperson Asif Iftikhar Ahmad mentioned: “The Indian assertion not solely exposes its true colors but additionally vindicates Pakistan’s longstanding stance on India’s unfavorable function within the FATF.”

Special Assistant to PM Raoof Hassan took to Twitter to criticise the FATF’s choice on Pakistan saying, “[The] FATF has lost whatever credibility it still had. It is no longer a fair arbiter. Instead, it has become a veritable arm of western imperialist agenda to subdue the less powerful countries, Pakistan being one of them. It is time to stop pandering. It is time to stand up for rights.”

In a press release, a authorities spokesperson, the motion gadgets which have been accomplished embrace amendments within the Mutual Legal Assistance Act, 2020, AML/CFT supervision of Designated Non-Financial Businesses and Professions (DNFBPs), transparency of useful possession info and implementation of Targeted Financial Sanctions for Proliferation Finance by DNFBPs.

The remaining motion gadgets within the 2021 Action Plan embrace investigation and prosecution of ML circumstances, confiscation of property and UN listings.

Considerable work has already been carried out on the remaining gadgets of each motion plans. FATF will undertake the subsequent evaluate of Pakistan’s progress in February 2022.

In a tweet, Energy Minister and Chairman National FATF Coordination Committee Hammad Azhar, who additionally represented on the digital FATF assembly, mentioned, “Now only some countries do not agree with the majority on progress made by Pakistan on the TF action plan. We are getting closer to consensus numbers in spite of “challenges”. Our technical stance might be vindicated quickly InshAllah.”

Analysts say that the worldwide monetary watchdog has grow to be selective in focusing on international locations the place banks have weak compliance or controls to cease the illicit circulate of funds.

“If they were fair in their treatment of all the countries, they would have put the UK in the FATF grey list,” mentioned Hassan Aslam Shad, a Middle East-based lawyer who has studied the watchdog for years, in response to TRT World. “But they will not do it. They have made up their mind and preconceived notions drive their decisions,” he added.

The FATF’s choice on Pakistan has highlighted how highly effective international locations are influencing the worldwide money-laundering monitor.

“The FATF has become deeply politicised,” Shad mentioned.

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