This is why Nawaz Sharif is being Sorely Missed across the border!!!

[desan]

Pak had a Zero chance to get into the Black List.

Four nominating countries USA, UK, France and Germany are also not fully satisfied with Pakistan's fulfilment of their wishes in Afghanistan and this will also go against the country, he added.

To avoid the blacklist, it needs the support of three countries and it has had the consistent support of China, Turkey and Malaysia to dodge the label. Currently, North Korea and Iran are in the FATF blacklist. Pakistan needs 12 votes out of 39 to exit the grey list and move to the white list.

Pak Likely To Remain In Terror Funding Grey List, Fails 6 Conditions: Sources

India expects Pakistan to remain in the "grey list" of the global money laundering and terror financing watchdog with not only more than 4,000 terrorists going missing from its records but the country also giving a pass to two of New Delhi's most wanted terrorists - Maulana Masood Azhar and...

www.ndtv.com

Full members
According to its official website, there are 39 members of FATF, representing most financial centres around the world.

1. Argentina
2. Australia
3. Austria
4. Belgium
5. Brazil
6. Canada
7. China
8. Denmark
9. European Commission
10. Finland
11. France
12. Germany
13. Greece
14. Gulf Cooperation Council
15. Hong Kong, China
16. Iceland
17. India
18. Ireland
19. Israel
20. Italy
21. Japan
22. South Korea
23. Luxembourg
24. Malaysia
25. Mexico
26. Netherlands
27. New Zealand
28. Norway
29. Portugal
30. Russian Federation
31. Saudi Arabia
32. Singapore
33. South Africa
34. Spain
35. Sweden
36. Switzerland
37. Turkey
38. United Kingdom
39. United States

Financial Action Task Force blacklist - Wikipedia

en.wikipedia.org

 

[desan]

 

[desan]

 

[desan]

Pakistan needed 12 votes out of 39 to exit the grey list and move to the white list. To avoid the blacklist, it needs the support of three countries. China, Turkey and Malaysia are its consistent supporters.

Pak fails to fulfil 6 mandates of FATF; to remain in 'Grey list'

The mandates which Pakistan has failed include action against all United Nations-designated terrorists like Jaish-e-Mohammed chief Azhar, Lashker-e-Tayiba founder Hafiz Saeed and the outfit's operational commander Zakiur Rehman Lakhvi.

www.rediff.com

 

[Curious_Mind]

What are these remaining 6 Action items that Pakistan didn't largely addressed ?

What are the major roadblocks that Government of Pakistan was not able to address these action items ?

What is being done that assures us that by next FATF meeting (February 2021) we would have addressed these remaining 6 items?

 

[Curious_Mind]

Pakistan needed 12 votes out of 39 to exit the grey list and move to the white list. To avoid the blacklist, it needs the support of three countries. China, Turkey and Malaysia are its consistent supporters.

Pak fails to fulfil 6 mandates of FATF; to remain in 'Grey list'

The mandates which Pakistan has failed include action against all United Nations-designated terrorists like Jaish-e-Mohammed chief Azhar, Lashker-e-Tayiba founder Hafiz Saeed and the outfit's operational commander Zakiur Rehman Lakhvi.

www.rediff.com

does that mean that regardless of Pakistan fulfilling the 27 conditions, support from 12 members could help us exit the grey list ?
or fulfilling the 27 action plan items is a pre-condition to get 12 member support ?

 

[desan]

does that mean that regardless of Pakistan fulfilling the 27 conditions, support from 12 members could help us exit the grey list ?
or fulfilling the 27 action plan items is a pre-condition to get 12 member support ?

They have to begrudgingly move Pak to White List, else have to give cogent arguments to support their decision.

Just my hunch as no expert on FATF...

 

[Imranpak]

Grey list is okay. It has no real impact on Pak at the moment.

 

[NasNY]

What are these remaining 6 Action items that Pakistan didn't largely addressed ?

What are the major roadblocks that Government of Pakistan was not able to address these action items ?

What is being done that assures us that by next FATF meeting (February 2021) we would have addressed these remaining 6 items?

You can lookup on Fatf website under Pakistan download the pdf. But in short it has to do with Pakistan must have the ability and technology to monitor all transactions coming in and out of the country and be able to provide an instant report to any international agency when asked about a transaction. Key word is INSTANT. As in 24 hours

 

[desan]

What are these remaining 6 Action items that Pakistan didn't largely addressed ?

What are the major roadblocks that Government of Pakistan was not able to address these action items ?

What is being done that assures us that by next FATF meeting (February 2021) we would have addressed these remaining 6 items?

Don't know about all Six, but here is the excerpt from FATF official site...

Pakistan should continue to work on implementing its action plan to address its strategic deficiencies, including by:

(1) demonstrating that law enforcement agencies are identifying and investigating the widest range of TF activity and that TF investigations and prosecutions target designated persons and entities, and those acting on behalf or at the direction of the designated persons or entities;

(2) demonstrating that TF prosecutions result in effective, proportionate and dissuasive sanctions;

(3) demonstrating effective implementation of targeted financial sanctions against all 1267 and 1373 designated terrorists and those acting for or on their behalf, preventing the raising and moving of funds including in relation to NPOs, identifying and freezing assets (movable and immovable), and prohibiting access to funds and financial services; and

(4) demonstrating enforcement against TFS violations, including in relation to NPOs, of administrative and criminal penalties and provincial and federal authorities cooperating on enforcement cases.

Documents - Financial Action Task Force (FATF)

www.fatf-gafi.org

 

[Dr Adam]

Pakistan should float an application in FATF to investigate India for the above money laundering, pending outcome, India should be put on grey, black, purple or any other list.

 

[desan]

Pakistan should float an application in FATF to investigate India for the above money laundering, pending outcome, India should be put on grey, black, purple or any other list.

Brown list will be more appropriate, given their infatuation with Cow Dung...

 

[Shahzad Ali AK-27]

Great Post.