India to seek downgrading of Pakistan on terrorism financing list

There is a meeting of FATF in mid-May, said FM Arun Jaitley

India will ask the global money laundering and terror finance watchdog to put Pakistan on a blacklist of countries that fail to meet international standards in stopping financial crime, Finance Minister Arun Jaitley said on Thursday.

The Financial Action Task Force (FATF) already has Pakistan on its “grey list” of countries with inadequate controls over curbing money laundering and terrorism financing.

But India wants Pakistan blacklisted, which would likely result in sanctions, Pakistani Prime Minister Imran Khan said last month.

“We want Pakistan downgraded on the FATF list,” Jaitley told reporters, adding that the Paris-based FATF was due to meet in mid-May and