Ambivalent Approach of the FATF - News Summed Up

Ambivalent Approach of the FATF


And the development comes only a few weeks ahead of a meeting of the FATF to decide on Pakistan’s grey-list status. Hence, FATF shows an ambivalent approach, as it has become a tool of keeping pressure on Islamabad, while ignoring New Delhi. On the other side, involvement of Indian banks in money laundering and financing terrorism has been exposed. There are also reports that gold and diamond were also used for money laundering, while the Indian Premier League (cricket tournament) has also been pointed out for money laundering practices by the Indian judiciary. Hence, FATF shows an ambivalent approach, as it has become a tool of keeping pressure on Islamabad, while ignoring New Delhi.


Source: Pakistan Today June 13, 2021 18:33 UTC



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