Predictably, “brotherly countries” China, Turkey, and Malaysia have backed Pakistan over the country’s “risk assessment study” at the FATF meeting being held in Paris, and are likely to vote against a downgrade to the black list.
If good friend China, which heads the Financial Action Task Force (FATF), and members Malaysia and Turkey, continue to support Pakistan despite its low compliance on measures to tackle terrorist funding and money laundering, then it will put a big question mark on the credibility of the global watchdog on terror financing.
According to reports in Pakistani dailies, the FATF examined the compliance report of Pakistan and “expressed satisfaction” over the steps taken by it in line with its action plan to control terror financing and money laundering.Read More…
