No likelihood Pakistan will be included in FATF black list

[Canuck786]

Potentially a good News! I hear murmurs that Pakistan has been removed from grey list and put on the white one. Announcement to be made in due time!

 

[Baby Leone]

i thought FATF is made for Pakistan only.....never heard of this organization before.

 

[maximuswarrior]

Potentially a good News! I hear murmurs that Pakistan has been removed from grey list and put on the white one. Announcement to be made in due time!

That would shatter Modi and his RSS media cell completely if true. Remember the Indian media has been playing the FATF drama for years now.

 

[SQ8]

FATF was formed by its member states (including Pakistan) to set standards and promote effective implementation of legal, regulatory and operational measures for combating money laundering and terrorist financing. There is nothing wrong in what it says Pakistan must do to move out of the grey list and improve it financial system with accountability. Why is it that Pakistan is not meeting its own obligations?

Meeting the regulations is in the best interests of Pakistan beyond just accusations of militant funding. It directly prevents the cries of looted funds repeated ad nauseum everywhere.

Sadly, the hypocrisy of the situation is that if implemented; it is those in the corridors of power who will find their stashes threatened the most. It is they who fear it the most.

 

[Baz]

Does FATF have any task other than "monitoring Pakistan" at the moment. It seems to be a useless organization whose only job is to "monitor" Pakistan's financial transactions/dealing etc. FATF looks to be a pretty much chootiya organization only focused on Pakistan.

Its a tool to arm twist other countries. thats all

 

[ps3linux]

Does FATF have any task other than "monitoring Pakistan" at the moment. It seems to be a useless organization whose only job is to "monitor" Pakistan's financial transactions/dealing etc. FATF looks to be a pretty much chootiya organization only focused on Pakistan.

This is the best friendly gesture gangudeshi bhindians have done to Pakistan It has helped us re-organize our regulatory framework, trust me I am on the recommendations and implementation side of regulations this is very good for Pakistan. The alliance of Politicians/corrupt generals/bureaucrats/ corrupt judiciary and media jokers knew that despite being a signatory to Basel 3, TF and AML international agreements and FATF practically did nothing to improve the regulations and control money laundering and terror financing. I remember meeting Mr. Kardar ex Gov SBP and telling that during ghaddari era the reason he resigned was that SBP was being forced to print only 5000 notes and deliver all printing to presidency every Friday night, from where it was being flown out of Pakistan to our beloved brotherly country.

Yes FATF has become a tool to screw countries like Pakistan, but do remember IKs UNGA address where he specifically spoke about "Tax Havens", where does the corruption money go cayman island, isle of man, uae, panama, Guernsey, Luxembourg, and a few others, casinos of sri lanka, macau and Monaco (It a complete fricking science); from the shell companies registered in these countries/lands the money makes its way to private equity funds and into the business/real estate of developed countries or UAE. We cant fight it yet because we don't have the expertise, most of the guys defending Pakistan are either bureaucrats, accountants none of them is trained in financial forensics. We'll get there inshallah.

As for Grey list there are two levels Grey, and grey with enhanced reporting we are already in the later. Bhindian media is quoting the reports of October 2018, we are presenting data of September 2019 so hell of a difference between both. There is no dark grey list, it is the usual stupid bhindian media whose sick mind has created a dark grey list. Black list is their pipe dream and its not happening anytime soon.

Most likely in February next year we are going to be white listed. As for continuing in grey list nothing worse is going to happen, the investment in CPEC will continue, companies from china, Europe will start projects in SEZs, in the nutshell all this propaganda from gangadeshi bhindian is just B.S don't pay any attention to them, worthless lying scums.

 

[JonAsad]

indians, no palm oil from Malaysia i suppose in the future -

 

[IndianGuy_]

Does it pain you that you and Indian media had to create a dark grey list?

It doesn't.

a) I didn't create dark grey list.
b) I don't give a bull about what Indian news channel makes up or not, I don't find it hard to admit that Indian media like most media around the world is now state run and show what the ruling party wants to. It might be difficult for Pakistanis to admit because well everything in Pakistan is daaa besssttt.

So yeah 18th is when we will know Pak's fate.

If they make it to white list, it means they followed the recommendation, a win for India.

If they stay in grey or move to black list. It means the cost will be very high for them till they keep indulging in these activities. Not a win for India but definitely feel better that Pak is paying the price for their ways.

Has it ever occurred to you Indians that what a joke you have become?

Not really man, no.

Because we know you guys live in a parallel reality, where surgical strikes didn't happen.

Pakistan won the air battle in Feb.

Imran forced world to lambast India at UNGA and I guess the future is a divided India in small parts who will be at the behest of the big bad mighty Pakistan?

LOL please ask me again what I consider as a joke.

 

[VCheng]

Meeting the regulations is in the best interests of Pakistan beyond just accusations of militant funding. It directly prevents the cries of looted funds repeated ad nauseum everywhere.

Sadly, the hypocrisy of the situation is that if implemented; it is those in the corridors of power who will find their stashes threatened the most. It is they who fear it the most.

The real hypocrisy lies in blaming the "evil" international agencies like FATF and IMG for their "demands" when what they prescribe is actually good for Pakistan were it to be followed, but is not because, as you say, it is those in corridors of power that feel threatened by such reforms.

 

[SQ8]

The real hypocrisy lies in blaming the "evil" international agencies like FATF and IMG for their "demands" when what they prescribe is actually good for Pakistan were it to be followed, but is not because, as you say, it is those in corridors of power that feel threatened by such reforms.

As far as Desis are concerned; anyone foreign has no right to offer opinions on their society’s issues.

 

[VCheng]

As far as Desis are concerned; anyone foreign has no right to offer opinions on their society’s issues.

That is perfectly acceptable, of course.

However, as the issues with FATF show, the problems arise only when interacting with international agencies and donors like IMF mandates certain standards of behavior and adherence to accepted practices.

In fact, if Pakistan can carry on with its economy without complying with any FATF requirements (or seeking IMF bailouts), it would be a good thing. But can it?

And if it cannot, then it has to comply (or try to comply and seek waivers along the way).

 

[Pakhtoon yum]

As far as Desis are concerned; anyone foreign has no right to offer opinions on their society’s issues.

Bingo, even if it's for your good you cant let them interfere and make demands but you quietly take a look at the issues and fix it by yourself. Otherwise these institutions in all they're good will sit on your head.

Exactly if someone on the street tells you something about one of your family members. You tell him to shut up and then investigate the matter within your household, behind closed doors.

 

[maximuswarrior]

As far as Desis are concerned; anyone foreign has no right to offer opinions on their society’s issues.

This has nothing to do with desis. Ask an American or a French on this very forum how he feels when someone gives his/her opinion on his country.

I am sure you have seen plenty of outbursts from these foreign members. It is a natural reaction.

 

[SQ8]

That is perfectly acceptable, of course.

However, as the issues with FATF show, the problems arise only when interacting with international agencies and donors like IMF mandates certain standards of behavior and adherence to accepted practices.

In fact, if Pakistan can carry on with its economy without complying with any FATF requirements (or seeking IMF bailouts), it would be a good thing. But can it?

And if it cannot, then it has to comply (or try to comply and seek waivers along the way).

Carrying on would have been acceptable 20 years ago - todays connected and regulated financial systems make that impossible. Not that Iran and North Korea dont get away with it but that is entirely the choice of those living within it to tolerate those conditions.

As you mentioned, you cannot walk into a decent bank with a checkered reputation with empty pockets to ask for a loan and then bemoan not getting one because you refuse to fix your financial practices.

This has nothing to do with desis. Ask an American or a French on this very forum how he feels when someone gives his/her opinion on his country.

I am sure you have seen plenty of outbursts from these foreign members. It is a natural reaction.

Depends. There is a higher degree of exposure and education in these countries along with less insecurity.

 

[maximuswarrior]

Carrying on would have been acceptable 20 years ago - todays connected and regulated financial systems make that impossible. Not that Iran and North Korea dont get away with it but that is entirely the choice of those living within it to tolerate those conditions.

As you mentioned, you cannot walk into a decent bank with a checkered reputation with empty pockets to ask for a loan and then bemoan not getting one because you refuse to fix your financial practices.



Depends. There is a higher degree of exposure and education in these countries along with less insecurity.

I live in one and travel to plenty. I can tell you it is the same and perhaps even worse. The hypocrisy is mind blowing. Every society has its flaws, but don't criticise the Western society. That is evil and not done.