Financial Action Task Force (FATF) puts Pakistan in the terror financing grey list

Discussion in 'Defence & Strategic Issues' started by cyclops, Feb 21, 2018.

  1. cyclops

    cyclops Regular Member

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    Pakistan saved from FATF terrorist finance list: Did Russia let India down?
    By BS Web Team | New Delhi | Last Updated at February 21 2018 13:25 IST






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    Hafiz Saeed, the head of proscribed Pakistan-based terrorist organisation Lashkar-e-Taiba, was one of the figures that had got Islamabad in trouble at the FATF in the past. (Photo: AP | PTI)
    Pakistan might have escaped the consequences of its support to terrorist organisations at the Financial Action Task Force (FATF) meeting on Tuesday, with the help of Russia and two other countries. Islamabad reportedly secured a last-minute reprieve from the FATF and avoided being put back on a global list of countries that finance terrorism. According to reports in the Pakistani media, FATF member states failed to reach a consensus on placing Islamabad on the global watchdog's grey list.



    Pakistani daily The Express Tribunereported that while concrete details were not available, Pakistani Foreign Office sources suggested that China, Turkey, and Russia, all of them members of FATF, opposed the motion against Pakistan.


    By now, there might not be any surprise over Beijing shielding Islamabad from the fall-out of its support for proscribed terrorist organisations -- China has protected Masood Azhar, the leader of Pakistan-based terrorist organisationJaish-e-Mohammed (JeM), by preventing the Security Council from sanctioning him as an international terrorist. However, if reports of Russia's involvement are accurate, the development could raise eyebrows in New Delhi, given its close defence ties and strategic partnership with Moscow.


    Described as a "long-standing and time-tested partner" by India, Russia was reportedly among the countries that were not on board with the proposal to place Pakistan back on the terror financing watchlist. With the resultant failure in arriving at a consensus, the watchdog did not table the motion, which was jointly moved by the US and the United Kingdom (UK) against Pakistan, for voting in its plenary session.


    What relief did Pakistan get?


    Pakistan has received a three-month-long reprieve over the motion to put the country on FATF's terrorist financing watchlist, according to agency reports.


    Pakistani Foreign Minister Khwaja Asif, currently on a visit to Russia, tweeted the details of the relief secured by Islamabad.


    Our efforts paid,FATF Paris 20Feb meeting conclusion on US led motion to put Pakistan on watch list



    -No consensus for nominating Pakistan


    -proposing 3months pause &asking APG for another report to b considered in June الحمداللہ


    Grateful to friends who helped


    — Khawaja M. Asif (@KhawajaMAsif) February 20, 2018



    According to Asif, there was "no consensus for nominating Pakistan" at the FATF meeting. He also said that the meeting proposed a "three-month pause" and asked for the Asia Pacific Group (APG), which is part of FATF, to consider "another report in June".




    ALSO READ: Pakistan may enter terror financing list: 10 ways its economy will bleed


    FATF, which began its week-long plenary meeting on Sunday in Paris, was supposed to take a call on the proposal to put Pakistan back on the "grey list" of countries that have failed to put a stop to terror financing.


    According to a Reuters report, Pakistan's de facto finance minister, Miftah Ismail, had said the US and Britain had put forward the motion several weeks ago. Ismail added that they later persuaded France and Germany to co-sponsor it.


    Being placed on the FATF watchlist carries no direct legal implication but brings extra scrutiny from regulators and financial institutions. That could have chilled trade and investment and increased transaction costs, according to experts.




    ALSO READ: Hafiz Saeed declared a terrorist: China's failure behind Pakistan move?


    The FATF was established in 1989 to set standards and promote effective implementation of legal, regulatory and operational measures for combating money laundering, terrorist financing and checking other related threats to the international financial system.


    It has developed a series of recommendations that are recognised as the international standard for combating money laundering and the financing of terrorism.

    http://www.business-standard.com/ar...ror-financier-tag-at-fatf-118022100198_1.html

    If this is true.
    Well, that's what we get for trusting commies.
     
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  3. COLDHEARTED AVIATOR

    COLDHEARTED AVIATOR Senior Member Senior Member

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    Russians are 2 faced snake.We should be very careful and reduce dependency on them.
     
  4. angeldude13

    angeldude13 Lestat De Lioncourt Senior Member

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    nongaddarliberal likes this.
  5. LETHALFORCE

    LETHALFORCE Moderator Moderator

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    With Russia and China against India in diplomatic issues in the UN . India can forget about doing much to Pakistan diplomatically.
     
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  6. Indibomber

    Indibomber Regular Member

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    So is America, problem is India is week. We need to develop our R&D strength along with Industrial. Just remaining a buyers market won't help us in long run.
     
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  7. LETHALFORCE

    LETHALFORCE Moderator Moderator

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    This will take decades. India is acting like it is still NAM. The world has chosen sides India wants to be keep relations good with all; but others don't seem to care.
     
  8. AmoghaVarsha

    AmoghaVarsha Senior Member Senior Member

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    The source of these is pak media. They have claimed a lot in the name of russians in the past. Only for Russians to deny.

    India should have co sponsored this motion, would have to see the Russian stand then.

    Sent from my SM-G930F using Tapatalk
     
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  9. IndiaRising

    IndiaRising Senior Member Senior Member

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    why depend on anyone to achieve your own strategic objectives? this is what happens when meek thinking permeates through the citizenry as a whole. india always looks at diplomatic maneuvers rather than taking the fight head-on.
     
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  10. IndiaRising

    IndiaRising Senior Member Senior Member

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    pretty much this. Indian foreign policy is akin to the peacemaker trying to find resolution among people living in a dog-eat-dog world.
     
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  11. LETHALFORCE

    LETHALFORCE Moderator Moderator

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    This soft power bullshit doesn't work. Hope India realizes this in the next hundred years.
     
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  12. LETHALFORCE

    LETHALFORCE Moderator Moderator

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    I don't think it fits anymore with nukes pointed at your country soft power diplomacy will not be a shield.
     
  13. IndiaRising

    IndiaRising Senior Member Senior Member

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    ghanta soft power. there is no such thing as soft power. its a term made by bureaucratic librandus who know only how to kneel.
     
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  14. IndiaRising

    IndiaRising Senior Member Senior Member

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    or they will just wait for pakistan to implode from within.....
     
  15. LETHALFORCE

    LETHALFORCE Moderator Moderator

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    They can throw that fifty year old strategy out. Too many supporters for Pakistan and India not as aggressive as they should be inside pakistan
     
  16. IndiaRising

    IndiaRising Senior Member Senior Member

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    such impotency cannot be achieved without collusion among all branches of the government, whether it be politicians, bureaucrats, and sadly, generals.
     
  17. LETHALFORCE

    LETHALFORCE Moderator Moderator

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    Last edited: Feb 21, 2018
  18. cyclops

    cyclops Regular Member

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    The fact is, we move away from Russia, Russia moves towards pakistan, that is how the geopolitics plays out and is going to play out.
    The russkies can't risk losing some foothold in the subcontinent.

    And Russia being in our neighborhood means that we can't just unequivocally support the americans at least not untill we are self sustainable.

    Do that and we risk becoming like napakistanis "naa aage ka naa peeche ka" and will be standing against 2 superpowers in Asia.

    Russians want us to always be dependent on them, and they have learnt their lesson from Indo-Russian projects like the BrahMos, give us some leeway and we will become independent which is why quite a few of these projects are either being dragged to oblivion or are just getting cancelled.
     
    Last edited: Feb 21, 2018
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  19. jat

    jat Regular Member

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    What if I told you Hafiz Saed is just a puppet in a larger game?
    But regardless, Russia may be switching sides for their own benefit as ISIS threatens Afghanistan and America drops Pakistan. Russia will need taliban aka Pakistan to fight ISIS. India needs to play both sides against each other. But in all, I doubt Russia screwed India. They aren't stupid. If India wanted, India could, would have assassinated Hafiz with Pakistani guns. It doesn't take much to hire guns in Pakistan to kill Sunnis Shias or Kafirs.
    Hafiz is scapegoat whom takes the blame when necessary from the real problem. The ISI, and Pakistani soldiers on LOC. Certain middle, low ranks are causing problems for Kashmir. Which is why India targeted them in the much talked about surgical strikes. Hafiz is double/triple agent. Its not like this guy is bullet proof.
     
  20. jat

    jat Regular Member

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    So did modi, infact what is India's trade with CCP? Its a lot right?
    Yea, softpower alone won't win much, thats why a nation leverages everything to single cause. Hardpower, softpower, money, hired guns, technology and spies.
     
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  21. Bahamut

    Bahamut Senior Member Senior Member

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    There is no conformation for this
    Link:https://www.rferl.org/a/us-move-put...deferred-three-months-asif-says/29052813.html
    If this statement is true then we should immediately tell sent a letter of protest .
    For now there is a 3 month delay ,we should focus on getting these three votes in our favor . A public declaration of how Pakistan ISI help ISIS and militant in east Turkmenistan will increase pressure on Pakistan .
     

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