Fatf Compliance Is a Must for Pakistan Eu

FATF compliance is a must for Pakistan EU. European Commission spokesman Daniel Perry said financing of terrorism and anti-money laundering was the EU’s top priorities.
The diplomat advises Pakistan not to issue rhetorical statements against international organizations, particularly UN affiliates such as the FATF.

The statement says it is “not only counterproductive but also detrimental to Pakistan’s interests.”

Brussels: The European Union says the fight against money laundering is a top priority. This is why the EU encourages all countries, including Pakistan, to follow the steps set out by the Financial Action Task Force. The EU statement asked why Pakistan was on the FATF greylist, despite Pakistan fulfilling 26 out of 27 points.

European Commission spokesman Daniel Perry said financing of terrorism and anti-money laundering was the EU’s top priorities. “You may have noticed that many of the actions we have taken in recent years are important not only for the European Union but for the rest of the world,” he said, adding that within the FATF framework, we are working with international partners for this purpose.

A spokesperson said he would not comment on the FATF’s actions, but he would like to say that fighting terrorism financing and money laundering is the EU’s top priority. The EU is improving its anti-money laundering laws every month to prevent money laundering within EU borders, he added, adding that many EU member states will not follow strict rules and will be reprimanded in an upcoming AML package.


Pakistan recently raised the question of whether the FATF is a technical or political body. A European-based diplomat told Geo News that no such statement was made available to Pakistan and was rather negatively received by the European capital. The diplomat advised Pakistan not to issue rhetorical statements against international organizations, particularly UN affiliates such as the FATF.

“It’s not only counterproductive, but it’s also detrimental to Pakistan’s interests,” he said. Last week, Foreign Minister Shah Mahmoud Qureshi questioned the FATF’s decision to keep Pakistan on the “increased monitoring list,” popularly known as the greylist, after Pakistan completed 26 out of 27 under the action plan presented by the government. has filed. financial watcher.

After the five-day plenary session, FATF praised Pakistan’s progress and efforts on Friday’s items of the National Action Plan and announced that it would keep the country on the gray list until “remaining CFT-related items” were addressed. It also provided the government with six new anti-money laundering zones. Regarding the FATF announcement, FM Qureshi said, “We have to decide whether the FATF is a political forum or a technical forum and whether it is being used to serve political purposes.


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