According to India’s foreign minister, Pakistan will remain on the FATF’s grey list.

According to News, Indian External Affairs Minister S Jaishankar stated on Sunday that Pakistan is on the Financial Action Task Force’s (FATF) grey list as a result of “efforts by Narendra Modi’s government.”

According to a storey in The Print, India’s External Affairs Minister S Jaishankar praised the Modi-led government’s “efforts” to keep Pakistan on the FATF’s grey list.

According to the site, the minister made the comment while speaking via video connection to BJP leaders during a training seminar on the government’s foreign policy.

“As you are all aware, the FATF monitors terrorism funding and deals with black money fueling terrorism. Pakistan has been placed on the FATF’s grey list as a result of our actions. We have succeeded in pressuring Pakistan, and Pakistan’s behaviour has altered as a result of India’s pressure through various means. Terrorists from the LeT and Jaish have also been sanctioned as a result of India’s efforts through the UN,” Jaishankar allegedly told the leaders, according to The Print.

On June 25, the FATF stated that it recognises Pakistan’s progress and attempts to resolve issues in its national action plan linked to countering terrorist funding, and encouraged it to maintain work and address “the one remaining CFT-related item” as soon as feasible.

The government was also given six new anti-money laundering areas to concentrate on.

FATF President Dr Marcus Pleyer told a news conference following the plenary meeting in Paris on June 21-25 that Pakistan is still under “enhanced scrutiny.”

“The Pakistani government has made significant progress in strengthening and improving its counter-terrorist financing mechanisms. It has mostly completed 26 of the 27 things on the action plan it pledged to in June 2018 “he stated

The proposal, according to Dr. Pleyer, was centred on terrorist finance concerns.

He had stated that one major action item “concerning the investigation and prosecution of senior leaders and commanders of UN-designated terror organisations” remained unfinished.

After the Asia Pacific Group raised concerns about Pakistan’s overall anti-money laundering and counter-terrorist financing system in 2019, the FATF president stated that the country has “made progress.”

“These measures include obvious attempts to raise awareness of Pakistan’s money laundering concerns in the private sector, as well as to create and exploit financial information to construct a case.”

“However, Pakistan continues to fall short of implementing the global FATF criteria in a number of areas. As a result, money laundering risks remain high, which can feed corruption and organised crime.”

This is why, according to Dr. Player, the FATF has collaborated with the Pakistani government on new areas that need to be improved as part of a new action plan that focuses primarily on money laundering concerns.

He had stated that this involves expanding the number of investigations and prosecutions, as well as ensuring that law enforcement agencies throughout the world work together to track, freeze, and confiscate assets.

“It’s about assisting authorities in combating corruption and preventing organised criminals from benefiting from their crimes and weakening Pakistan’s financial system and legal economy,” Dr Pleyer said.