Indian Finance Minister Arun Jaitley on Thursday stated that India will ask Financial Action Task Force (FATF) to add Pakistan on a blacklist of countries that fail to meet international standards in stopping financial crime.
According to Reuters, FATF the global money laundering and terror finance watchdog has already added Pakistan on its “grey list” of countries with insufficient control over curbing money laundering and terrorism financing.
The Prime Minister of Pakistan, Imran Khan said last month that India wants Pakistan blacklisted, which would likely result in sanctions.
“We want Pakistan downgraded on the FATF list,” the Indian Finance Minister told reporters adding that the Paris-based terror finance watch dog was due to meet in mid-May and India would make its request then.
Welcoming the new sanctions on Azhar as “a step in the right direction to demonstrate the international community’s resolve to fight against terrorism and its enablers”.
Referring on the sanctions on Azhar, Jaitley said that, “the core issue is that he has been declared an international terrorist.”
In February, the Paris-based FATF had claimed that Pakistan “does not demonstrate a proper understanding” of terrorism financing risks posed by militant groups, including the JeM.