In a significant diplomatic development, India’s recent efforts to have Pakistan re-listed on the Financial Action Task Force (FATF) grey list have reportedly fallen short.
This outcome comes after strong support for Pakistan from several key nations, including China, Turkey, and Japan, during the critical FATF meeting. The move highlights ongoing geopolitical dynamics surrounding international financial oversight.
Sources indicate that a robust campaign by the Indian delegation to have Pakistan re-listed was met with significant opposition. China, in particular, took a clear stance in favor of Pakistan during the FATF session, openly supporting relief for the country. Turkey and Japan also provided their complete backing to Pakistan’s position.
It’s worth recalling that the FATF had removed Pakistan from its grey list in October 2022. Pakistan had previously been under increased scrutiny on the grey list since 2018.
The Financial Action Task Force comprises 37 members, including 25 individual countries such as the United States, United Kingdom, China, India, and Turkey. The Gulf Cooperation Council and the European Commission are also part of the organization. The FATF’s prim responsibilities involve implementing global measures aimed at combating money laundering and the financing of terrorism.
