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Pakistan’s expected exit from FATF list would put India on the spot

3 3 0
28.01.2020

The media reports that in the Indian estimation there is “a 75 per cent chance” of Pakistan exiting the ‘grey list’ of the Financial Action Task Force (FATF) at the plenary of the international body on February 16 in Paris are a significant upgrade of the earlier expectation in Delhi that Islamabad was hanging on the abyss, perilously close to being ‘black-listed’ for money laundering and terror financing.

Quite obviously, it can no longer be kept from public view that the ground beneath the feet of Indian diplomacy has been shifting in the recent months, largely due to the US-Pakistan rapprochement. Delhi is grudgingly making adjustments to the compelling reality.

True to form, Indian media would prefer to attribute to China all good things that may happen to Pakistan — and, of course, to the US all good things that happen to India. Thus, Delhi says the vast improvement in Pakistan’s FATF standing is due to ‘heavy lobbying by China and with the help of a private consultant who is a FATF veteran’.

Pakistan’s standing has been steadily improving in the 39-member grouping since the FATF’s 2015 statement which identified it as having made significant progress

Pakistan’s standing has been steadily improving in the 39-member grouping since the FATF’s 2015 statement which identified it as having made significant progress

There is a mental block in acknowledging that Pakistan might indeed have made efforts to improve its FATF standing. The FATF is a technical body and comprises countries that have a mind of their own.

Greater realism is needed on the part of Delhi to admit that Pakistan’s standing has been steadily improving in the 39-member grouping........

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