If Pakistan is removed from FATF grey list, terrorists world over will celebrate, says expert

With the meeting of the Financial Action Task Force (FATF) on Pakistan's fate on the listings scheduled to take place on Thursday, a political expert Tom Rogan has said that if Islamabad is removed from the grey list, the terrorists world over will celebrate, reported Washington Examiner.

ANI | Washington DC | Updated: 11-02-2021 15:12 IST | Created: 11-02-2021 15:12 IST
If Pakistan is removed from FATF grey list, terrorists world over will celebrate, says expert
Financial Action Task Force. Image Credit: ANI

With the meeting of the Financial Action Task Force (FATF) on Pakistan's fate on the listings scheduled to take place on Thursday, a political expert Tom Rogan has said that if Islamabad is removed from the grey list, the terrorists world over will celebrate, reported Washington Examiner. "Pakistani Prime Minister Imran Khan offers rhetorical fastballs, but innocent Pakistani Muslims pay dearest for his failings. Were Pakistan to be removed from the grey list, terrorists the world over would celebrate," said Rogan.

Globally, Pakistan has been condemned for its track-record on terror financing and it is pushing hard for the FATF to ratify that it has met benchmarks and should be removed from the grey list. The meeting will consider Pakistan's progress in addressing numerous recommendations.

The findings are hugely important to Pakistan in that the FATF wields significant influence over how international banking institutions approach nations with terrorist financing concerns. Where nations are blacklisted by the FATF, or, as is the present case with Pakistan, greylisted, they suffer impediment to smooth capital flows, foreign investment complications, and generally higher banking fees reported Washington Examiner. Rogan, who wrote an article on Pakistan's FATF greylisting in Washington Examiner advised the Biden administration to exert all necessary pressure on the FATF and US allies within the organisation to ensure that Pakistan is pinned down for its abysmal record on terror-financing.

The actions of Pakistan are evident enough that Pakistan is not serious about countering terrorist financing. Take the Pakistan Supreme Court's recent freeing of Ahmad Omar Sheikh, the killer of American journalist Daniel Pearl. Pakistan had already allowed most involved in that 2002 terrorist atrocity to escape justice.

In order to save its face from global condemnation and escape FATF's deliberations, Imran Khan's government appealed its decision. The reaction of Supreme Court Justice Omar Ata Bandyal said it all. Rejecting the appeal, the judge instead ordered that Sheikh "be moved to a comfortable residential environment, something like a rest house where he can live a normal life."

"The facts demand that Pakistan remain on the grey list. The FATF shouldn't simply keep Pakistan on the grey list. It should warn Islamabad that absent rapid and wide-ranging reform, blacklisting is coming," said Rogan. Earlier, the September FATF report showed that Pakistan remains highly deficient in terrorist financing concerns. For example, while Pakistan has introduced some new regulations, it completely lacks enforcement procedures. Islamabad has no interest in confronting the patronage relationships that sustain dozens of jihadist groups across its territory, reported Washington Examiner.

Moreover, if Pakistan is given leeway, India, a rising strategic partner of the US, will question the power of Washington's influence. India has suffered greatly from Pakistani terrorism and knows Islamabad's policy of running with the hare and hunting with the hounds - simultaneously condemning terrorists and enabling them. (ANI)

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)


TRENDING

OPINION / BLOG / INTERVIEW

East African women traders: 'Celebrating the past, planning for the future'

COVID-19 has hit women disproportionately hard across East Africa, especially those working in the informal sector. Lessons must be learnt to prevent this from happening again....

Viral variants and vaccine nationalism pose two-pronged threat to Covid victory

... ...

Tracking Fintech during COVID-19: Harnessing power of technology

Its abundantly clear now that as fintech cements its place in the financial sector, accelerated further by the COVID-19 pandemic, it could open the sector to new possibilities by harnessing the power of technology to deliver financial ...

Tectonic turns: How technology shaped healthcare over the decades

Tracing an episodic evolution, with technology at the interface of human and his health....

Videos

Latest News

The planet’s on ‘red alert’ UN chief warns leaders at President Biden’s climate summit

Mother Nature is not waiting, the UN chief said, as the past decade was the hottest on record, and the world continues to see rising sea levels, scorching temperatures, devastating tropical cyclones and epic wildfires.We need a green planet...

Odisha makes 14-day quarantine mandatory for all West Bengal returnees

The Odisha government on Thursday announced mandatory 14-day institutional or paid quarantine for people coming to the coastal state from West Bengal.An order issued by Chief Secretary S C Mohapatra said, the number of COVID-19 positive cas...

EC bans roadshows, vehicle rallies in Bengal, restricts size of public meetings

The Election Commission has prohibited roadshows, padyatras and big public meetings in poll-bound West Bengal from Thursday evening in the wake of surge in COVID-19 cases. The poll panel said that many political parties and candidates are ...

U.S. Supreme Court curbs FTC's power to recoup ill-gotten gains

The U.S. Supreme Court on Thursday made it more difficult for the Federal Trade Commission to force scam artists and companies that engage in deceptive business practices to return ill-gotten gains obtained from consumers, ruling in favor o...

Give Feedback