India welcomes FATF decision to put Pakistan on 'Grey List' of terror financing
New Delhi, Jun 30 (IBNS): India on Saturday welcomed the decision of the global terror financing watchlist Financial Action Task Force (FATF) to place Pakistan in its "Grey list" and hoped that Islamabad will comply with the action plan and take credible measures to address international concerns on terrorism.
”We hope that the FATF Action plan shall be complied with in a time-bound manner and credible measures would be taken by Pakistan to address global concerns related to terrorism emanating from any territory under its control,” Raveesh Kumar, the External Affairs Ministry spokesperson, said.
“Pakistan has given high-level political commitment to address global concerns on the implementation of FATF standards for countering terror financing and anti-money laundering,” the Ministry of External Affairs (MEA) said in a statement.
"But the freedom and impunity with which the designated terrorists like Hafiz Saeed and entities like Jamaat-Ud-Dawaa (JuD), Lashkar-e-Tayabba and Jaish-e-Mohammed continue to operate in Pakistan is not in keeping with such commitments," the MEA spokesperson pointed out.
The MEA statement came three days after Pakistan was put in grey list at the just concluded FATF plenary in Paris for failing to curb anti-terror financing despite its diplomatic efforts to avert the decision.
India has been seeking global action against Pakistan for allowing terror safe havens in its soil. It has also been insisting on the punishment of Pakistan-based terrorists involved in a series of attacks in India, including the 2008 Mumbai attack.
The FATF is an inter-governmental body established in 1989 to combat money laundering, terrorist financing and other related threats to the integrity of the international financial system.
The placement on the ‘grey list’ could hurt Pakistan’s economy as well as its international standing.
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