Friday, 21 September 2018

Pakistan: No threat to be placed on the FATF “black list”

FATF

ISLAMABAD: Pakistan is under no threat to be placed on the Financial Action Task Force’s “black list” although it will be assigned to the “grey list” in June this year, the foreign ministry said.

Addressing a weekly media briefing here, Foreign Office spokesperson Dr Mohammed Faisal said Pakistan would be assigned to the FATF “grey list” later this year, once an Action Plan had been mutually negotiated.

“The statement that Pakistan will be transferred from the ‘grey’ to the ‘black’ list in June this year, is not true. The FATF website clearly demarcates the countries in ‘black’ list, as those who are non-cooperative,” he added.

Faisal said that the lead ministry for dealing with the FATF and International Country Risk Guide was the Ministry of Finance. “Secondly, the internal processes of [the] FATF are confidential,” he maintained.

Regarding specific demands made by FATF , Faisal said the Force had pointed out certain deficiencies in the anti-money laundering and countering of terrorist financing framework of Pakistan .

FO spokesperson said that the Government of Pakistan , over the last few years, had taken a number of measures to address those issues, including through enactment of legislation, issuance of regulations and guidelines by the State Bank of Pakistan and the Securities and Exchange Commission of Pakistan to the financial sector, establishment of the Financial Monitoring Unit and implementation of the UNSC 1267 sanctions on the entities of concern – Jamaatud Dawa and Falah-e-Insaniyat Foundation.

“We will take further actions for addressing any remaining deficiencies,” Faisal said, adding Pakistan was not isolated.

He said that the National Security Committee meeting decided on the recalibration of the Pakistan’s foreign policy with increased emphasis on enhanced bilateral ties with regional friendly countries.

The policy is being immediately put into action.

The spokesperson said Pakistan continued to get “differing signals” from different parts of the United States government.

“General Jospeh Votel appreciated the positive indicators from Pakistan . Pakistan has made immense efforts to address issues related to counter-terrorism. We continue to ask the US for actionable evidence,” he said.

Faisal said the US Deputy Assistant to the President and National Security Council Senior Director for South and Central Asia Lisa Curtis met Foreign Secretary Tehmina Janjua this week.

“The meeting took place in the context of our regular and continuous engagement with the US. The main agenda of the meeting of the foreign secretary with Lisa Curtis was to exchange views and understand each other’s perspective on how to bring peace and stability in Afghanistan. Both sides have a desire to work together to pursue our common objective of stabilising Afghanistan,” he said.

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