India has been using the Financial Action Task Force (FATF) platform for political purposes, accused Finance Minister Asad Umar. He said Pakistan has asked the FATF to revoke India’s position as co-chair of its Asia-Pacific Joint Group in light of this abuse of position.
Umar said that this is a legitimate concern as India has been lobbying against Pakistan at the forum.
It’s not Pakistan’s choice, he said, referring to the FATF’s decision to take the country off the grey list. They have to make the decision, but our concerns are legitimate, he said. The finance minister said that last week, before the board meeting they got calls informing them that India had been going to individual companies and lobbying against Pakistan.
He said India was lobbying to have Pakistan added to the black list as soon as possible.
This is an abuse of the FATF process, he said. Last week, Pakistan declared banned outfits high risk, he said, explaining that this was the FATF’s biggest concern. We have now fulfilled this condition, he said.
The finance minister added that the FATF had expressed satisfaction with the report Pakistan had submitted till January. The biggest issue it had was Pakistan not declaring banned outfits high risk and now that we have fulfilled that condition, there are chances that we will be cleared by September.
Umar also wrote a letter to the FATF about India’s lobbying on Saturday, asking FATF President Marshall Billingslea to remove India from the position of co-chair.