The Financial Action Task Force (FATF) already has Pakistan on its "grey list" of countries with inadequate controls over curbing money laundering and terrorism financing. But India wants Pakistan blacklisted, which would likely result in sanctions, Pakistani Prime Minister Imran Khan said last month. "We want Pakistan downgraded on the FATF list," Jaitley told reporters, adding that the Paris-based FATF was due to meet in mid-May and India would make its request then. The call came a day after India claimed a diplomatic victory with a UN Security Council committee blacklisting the founder of the Pakistan-based Jaish-e-Mohammed (JeM) militant group, Masood Azhar. In February, the Paris-based FATF had said that Pakistan "does not demonstrate a proper understanding" of terrorism financing risks posed by militant groups, including the JeM.

Source: Dhaka Tribune May 02, 2019 16:18 UTC