OSIINT Report: Pakistan’s Plan B for Financial Bailout on FATF Grey Listing

Expecting a listing in the Grey List by the Financial Action Task Force (FATF) in June Pakistan is taking advance measures to prevent a major impact on the economy. Ashraf Malkham writing for News International quoted sources indicating that Pakistan is arranging a bailout in the form of a deposit from a friendly Muslim country. As part of its on-going review of compliance with the Anti money laundering (AML)/Combating Financing Terrorism (AML/CFT) standards, the FATF identified a number of jurisdictions (countries) that have strategic AML/CFT deficiencies for which they have developed an action plan in February.  Pakistan was one of the entities. Placing of Pakistan in the Grey list was delayed due to initial objections by Saudi Arabia, China, Turkey and Russia supporting Pakistan. These were later withdrawn except for Turkey after Pakistan’s Foreign Minister disclosed confidential deliberations in the FATF meet in a Twitter post before the official press release was highlighted by the United States and India................

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Helpline 1090