Pakistan Egressing “Grey list” of FATF; Gaps Removed
If you run an unpretentious, fragile state, you might be subjected to the full force of international regulations but on the contrary if you run a high powered, dominant state, you have nothing to be afraid of. That is how the world seems to be moving in this 21st century era. 21st century came about with the revamping power dynamics of the international world. Imperialism evolved into international laws and International regulations became the project of imperialism. Economy and Power inter related and Hybrid Warfare infused. Power dynamics do not primarily rest on the shoulders of global institutions now. In fact, these international organizations became the byproducts of geo-politics and not the drivers. Rules that are passed through these institutions drive the mechanism of developing states. In the past, we saw the similar rules driving mechanism of Pakistan through FATF, which is the Paris based 39 membered inter-governmental body.
India, the hub of money laundering and terror financing, kept striving hard to politically victimize Pakistan internationally. India has been sponsoring terror and has been posing serious security threats to sovereignty of other states across the world which has been confessed by many ex Indian officers also. The antagonistic, loud, obnoxious and war mongering Indian Media, being the puppy of Narendra Modi’s fascist government was also busy launching a hostile anti Pakistan campaign to sabotage Pakistan’s case in FATF and push Pakistan towards the “watch dog black list”. Linking the fair freedom struggle in Illegally Occupied Jammu and Kashmir (IIOJK) with a fabricated and acrimonious narrative of harboring international terrorism was all intentionally projected on Indian Media to disrupt Pakistan’s case in FATF. But, the state of Pakistan with the support of its Armed Forces defeated this propaganda as well. Army here too, played a decisive role to push Pakistan from the Grey List to the White list. A special cell to ensure intra-agency coordination was established inside GHQ on the special instructions of COAS, which ensured the development of a coordination mechanism between various Ministries and the government Agencies. The joint coordination cell worked tirelessly to ensure Pakistan establishes a structured mechanism to get rid of FATF raised point related to terror financing, money laundering, target killing and kidnapping for ransom.
The state of Pakistan devotedly attempted to execute FATF’s Action Plan through concrete and noticeable steps to remove “strategic inadequacies” which will hopefully determine the result of the forthcoming FATF Review meeting and is expected to be a positive outcome for Pakistan. 26 out of 27 points are already implemented with respect to terror financing, while 4 out of 7 points have been implemented on the subject of money laundering. Concrete actions against money laundering, terrorist groups / networks speak volumes of the state’s commitment to root out terrorism. Anti-Money Laundering Act (AML) and Counter-financing of terrorism (CFT) were also discouraged to strengthen the country’s relevant system. Prompt actions against Hawala Hundi Networks have been taken and Foreign exchange regulatory act has been amended.
This is a tale of two completely different states, one is India who has violated all International regulations, which also doesn’t pay heed to International bodies, who’s acceptance towards resolutions of UNSC on Kashmir is exposed in front of the whole world and is harboring terrorism through all means. On the contrary, Pakistan has been complying with all international regulations, has been one of the largest troop contributors in UN Peace keeping missions, has rooted out terrorism by sacrificing more than 80,000 lives and have taken indiscriminate actions against all forms of extremism.
The world and FATF, particularly in this aspect must acknowledge Pakistan’s role to curb money laundering and terror financing. The state is hopeful of egressing FATF’s grey list, because the “strategic inadequacies” as previously claimed by FATF have been curbed strategically and legally by the state of Pakistan with the special efforts of Armed Forces of Pakistan. While Pakistan has been passing through tough economic times due to its inclusion in Grey List of FATF, it’s praiseworthy and commendable how it has been fighting hard resiliently to overcome the deficiencies and in the process improve its state mechanisms for future course correction.
source https://www.globalcourant.com/pakistan-egressing-grey-list-of-fatf-gaps-removed/?utm_source=rss&utm_medium=rss&utm_campaign=pakistan-egressing-grey-list-of-fatf-gaps-removed
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