Turkey to oppose Pakistan blacklisting at anti-terrorism finance meet

Turkish President Tayyip Erdogan on Friday said he would help Pakistan stay off a terrorism financing blacklist at a meeting of a global finance watchdog, a move he suggested would counter “political pressure” from Islamabad’s critics, reports Reuters.
The Financial Action Task Force (FATF), which tackles money laundering, told Islamabad late last year that it could face blacklisting if it continued to apply inadequate controls over terrorism financing.
The FATF is meeting next week in France, and support from Turkey and longtime allies like China, Malaysia and Saudi Arabia could help Pakistan remain off the blacklist. A minimum of three votes are required for any country to escape the blacklisting.
If it joined the blacklist alongside Iran and North Korea, Islamabad would face sanctions and economic setbacks at a time when its economy is struggling with a balance of payment crisis.
“We will be supporting Pakistan at the Financial Action Task Force meetings, where Pakistan is subject to political pressure,” Erdogan told Pakistan’s parliament a day after he arrived in Islamabad.
Read: Turkey must step up measures against money laundering, watchdog says
The FATF already has Pakistan on its “gray-list” of countries with inadequate controls over curbing money …

Read further at Middle East Monitor

0

Leave a Reply

Your email address will not be published. Required fields are marked *