Welcome FATF's Decision to Place Pakistan in Grey List For Cross-border Cash Smuggling: MEA.
New Delhi, June 30: India on Saturday welcomed the decision of the Financial Action Task Force (FATF) to place Pakistan in its Compliance Document or grey list for International Cooperation Review Group (ICRG) monitoring saying that the country continues to nurture designated terrorists and entities such as Lashkar-e-Taiba (LeT) and Jaish-e-Mohammed (JeM).
Pakistan was on Friday placed in the Paris-based FATF’s “grey list” for a number of reasons including being deficient is in preventing “cross-border smuggling of cash”. “India welcomes the decision of the Financial Action Task Force to place Pakistan in its Compliance Document (Grey list) for ICRG monitoring,” MEA in a statement said.
MEA said that Pakistan had earlier given a high-level political commitment to address global concerns on the implementation of FATF standards for countering terror financing and anti-money laundering, especially in respect of the United Nations designated and internationally proscribed terror entities and individuals.
However, MEA said, the “freedom and impunity with which the designated terrorists like Hafiz Saeed and entities continue to operate in Pakistan is not in keeping with such commitments.
” India also hoped that the FATF action plan will be complied with in a time-bound measure to address global concerns related to terrorism emanating from any territory under its control.
This post is from http://www.india.com/
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