Is FATAF being used by global powers to pressurize Pakistan?

The Financial Action Task Force (FATF) announced on Friday that Pakistan had largely complied with 26 of the 27 items on the action plan agreed to in June 2018, but the country will continue to remain on the ‘increased monitoring list’ even after it addresses the sole remaining item.

The global financial watchdog slapped a new list of six action items on Pakistan which it said were identified by its regional partner, the Asia Pacific Group (APG), in 2019.

FATA President Dr. Marcus Pleyer said that for Pakistan to be delisted, it will have to largely address all items on the new action plan in addition to the only remaining item on the original plan.

The FATF decision to keep Pakistan on its grey list, in spite of this country’s substantial progress on the original action plan, has disappointed many. The over whelming perception is that FATF is being used by global powers as a political tool to put pressure on countries like Pakistan.

There are examples where the global watchdog delisted other jurisdictions under its enhanced monitoring even though they had done far less than Islamabad to tighten their controls over flows of illicit money.

The FATF President has said clearly that the country will remain on the list as long as it does not address the single remaining action (related to the investigation and prosecution of senior leaders and commanders of UN-designated terror groups) as well as the items on a parallel action plan handed out by the watchdog’s regional partner, the Asia Pacific Group, in 2019.

A number of senior journalists, politicians and activists expressed surprise on the FATF decision and also raised doubts on the integrity of the financial watchdog.

Senior journalist Mubashir Zaidi questioned what the point of keeping Pakistan on the ‘grey list’ was when it had already implemented 26 of the 27 action plan items given by the FATF.

Jamaat-i-Islami Central Vice President Mian Aslam sniffed a global conspiracy behind the FATF decision and asked the Pakistan to not surrender its freedom.

Analyst Jan Achakzai also condemned the decision of the FATF, calling the body a “tool weaponized against Pakistan”.

Senior journalist Zarrar Khuhro also cast doubt on the FATF’s integrity, saying it was "a tool of geopolitical pressure".

The official Twitter account of former President Pervez Musharraf said FATF was being used to blackmail Pakistan.

Another user said the FATF’s credibility was on the line for ignoring Pakistan’s commitment and compliance with the task force targets.

Pakistan has been on the FATF’s grey list for deficiencies in its counter-terror financing and anti-money laundering regimes since June 2018.

Until the last assessment, Pakistan was found deficient in acting against organizations allegedly linked to terror groups listed by the UN Security Council, prosecuting and convicting banned individuals and tackling smuggling of narcotics and precious stones.