After Pakistan was yet again put in the grey list by the Financial Action Task Force (FATF) on Friday, Chief of Army Staff (COAS) Bipin Rawat, on Saturday said that it was a setback to our neighbouring country, in conversation with ANI. He added that it was up to Pakistan how they would conduct an investigation into their country's terror financing. Wishing for a peaceful solution, Rawat added that India wished Pakistan would work towards achieving it.
"The pressure is on them. They have to do an investigation. How they do the investigation and how serious they are about it is upon them. We would like them to work towards restoring peace. Realistically, it is a setback to any nation," he said.
Earlier on Friday, FATF officially announced its decision to keep Pakistan in the grey list till February 2020. According to reports, the meeting of the international watchdog reviewed the measures taken by Pakistan to control money laundering and terror financing. It had observed that Islamabad will reportedly have to take further steps on the two parameters in these four months.
Representatives from 206 countries and jurisdictions around the world began a meeting for the FATF Week in the French capital earlier this week. Previously on Tuesday, the Paris-based terror financing watchdog decided "in principle" that Pakistan will remain on its grey list till February 2020 and directed the country to take "extra measures" for the "complete elimination" of terror financing and money laundering. The FATF has linked the blacklisting of the country with "unsatisfactory steps to curb money laundering and terror financing", as per reports.
The FATF placed Pakistan on Grey List in June 2018. Pakistan was given 15 months to complete the implementation of an action plan. In August 2019, the Asia Pacific Joint Group (APJG) placed Pakistan in the enhanced follow up list for failure to meet the standards. The list was based on technical compliance and rated 'satisfactory' on meeting 10 points out of the 40. Depending on FATF's decision, Pakistan may or may not join the blacklist with Iran and North Korea. Meanwhile, the US has urged Pakistan to prevent militant groups from operating on its soil and prosecute top Lashkar-e-Taiba (LeT) operatives along with its leader Hafiz Saeed.