India is reportedly preparing a strong case to advocate for Pakistan's re-inclusion on the Financial Action Task Force (FATF) 'Grey List' at the watchdog's upcoming October plenary meeting. The move comes as New Delhi intends to present video and other material evidence suggesting Islamabad's continued support for terror outfits, despite its previous removal from the list.
Evidence Cites 'Operation Sindoor' Aftermath
According to reports, a significant part of India's evidence will focus on incidents following 'Operation Sindoor'. Videos circulating on social media allegedly show senior Pakistan army and intelligence officials attending the funerals of terrorists killed during this operation. This material, along with other documentation purportedly demonstrating state actors' participation in gatherings of terror organizations, is expected to be presented to argue for placing Pakistan back under enhanced monitoring.
What the FATF Grey List Means
Countries placed on the FATF 'Grey List' face increased scrutiny from the international body, undergoing periodic reviews to address strategic deficiencies in their anti-money laundering and counter-terrorist financing regimes. Such a listing also typically leads to difficulties in accessing funds from global financial institutions, impacting a nation's economic stability and international trade relations.
Pakistan was previously removed from the 'Grey List' in October 2022, after successfully demonstrating compliance with a comprehensive 34-point action plan. This plan involved implementing significant legislative and operational reforms aimed at curbing money laundering and terror financing, alongside enhanced monitoring of suspicious transactions and politically exposed persons.
India's push will come at a time when Pakistan is trying to reinvent itself as a peacemaker and improve ties with Washington.
India's renewed efforts to highlight Pakistan's alleged non-compliance come at a critical juncture, as Islamabad has been actively working to reposition itself as a regional peacemaker, engaging in mediation efforts between the US and Iran, and striving to improve its diplomatic standing, particularly with Washington.