US-sponsored resolution to place Pakistan on FATF watchlist failed

 

US effort failed to put Pakistan on FATF watchlist

A US-sponsored resolution to  place Pakistan on a watchlist of countries that financially aid terrorism remained inconclusive after a meeting of the Financial Action Task Force (FATF). Financial Action Task Force (FATF) member states failed to reach on consensus in Paris on Tuesday.

 

The FATF  deferred voting for three months and asked APG for another report to be considered in June.

Foreign Minister Khawaja Muhammad Asif Confirmed in his tweet on Tuesday, Expressing gratitude he said  that “our efforts paid off as no consensus was reached to put Pakistan on watch list during the FATF Paris meeting on Tuesday”.

“Grateful to friends who helped,” he also added.

FATF is a global body that combats terrorist financing and money laundering. The FATF includes around 700 members in total, including the United Nations, European Commission, International Monetary Fund and World Bank.