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Pakistan may remain on FATF grey list, but only one of 40 recommendations fully complied with

FATF’s Asia-Pacific Group said Pakistan has complied with just one of its 40 recommendations and has failed to implement a UNSC resolution against Hafiz Saeed and other UN-designated terrorists, as well as outfits like Jaish-e-Mohammed and the Lashkar-e-Taiba.

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Financial Action Task Force (FATF)

Pakistan has complied with just one the 40 recommendations set by the Financial Action Task Force (FATF), the Asia-Pacific Group (APG) of global terror financing watchdog said today, Monday, Oct 7.

It also said Pakistan has failed to fully implement a UN Security Council resolution against Hafiz Saeed and other UN-designated terrorists, as well as outfits like Jaish-e-Mohammed and the Lashkar-e-Taiba, according to media reports.

The APG’s much awaited ‘Mutual Evaluation Report’ running into 228 pages was released on Saturday, ten days ahead of the key FATF plenary meeting which will give its decision on Pakistan’s ‘grey list’ status.

It said: “After the APG report, chances are high that Pakistan would be retained on the grey list during the FATF plenary meetings from October 13 to 18 in Paris.”

Pakistan was placed on the grey list in June last year and given a plan of action to complete by October 2019 or face the risk of being placed on the black list with Iran and North Korea.

According to the report, out of FATF’s 40 recommendations on curbing money laundering and combating the financing of terrorism, Pakistan was fully compliant only on one. It was largely compliant on nine, partially compliant on 26 and non-compliant on four recommendations, The Express Tribune reported.

“Pakistan has not taken sufficient measures to fully implement UNSCR 1267 obligations against all listed individuals and entities – especially those associated with Lashkar-eTayyiba (LeT) / Jamaat-ud-Dawa (JuD), and Falah-i-Insaniat Foundation (FIF) as well as the groups,” the FATF report read, according to a report by news agency ANI.

“Pakistan should adequately identify, assess and understand its ML (Money Laundering) / TF (Terror Financing) risks including transnational risks and risks associated with terrorist groups operating in Pakistan such as Da’esh, AQ, JuD, FiF, LeT, JeM, HQN, and this should be used to implement a comprehensive and coordinated risk-based approach to combating ML and TF,” the report added.

The APG report, however, applauded Pakistan’s efforts to combat corruption.

The APG report also states that Pakistan faces high risks of money laundering and terror financing and it needs to improve the understanding of these risks that are also animating from various terrorist groups operating in the country.

The report disagreed with Pakistan’s self-assessment that it only faces “medium” category risks, saying that national regulators like the State Bank of Pakistan and the Securities and Exchange Commission of Pakistan – had very limited understating of money laundering and terror financing regimes.

In its National Risk Assessment report, Pakistan did not believe that money laundering and terrorism financing were high-risk category areas.

Contrary to the assessment by Pakistan that its overall terror financing risk assessment is “medium”, Pakistan faces significant risk of terror financing both from legitimate and illegitimate sources as well as weak or no, regulation and supervision of certain sectors such as hawala/hundi, NPOs (Non-Profit Organisation) and DNFBPs (Designated Non-Financial Businesses and Professions) and porous borders, according to the report.

“The terror financing cases are identified by a number of mechanisms but not via financial intelligence,” the report said.

“Competent authorities have varying levels of understanding of the country’s money laundering and terror financing risks, and the private sector has a mixed understanding of risks,” the report said.

There are no measures in place to address the money laundering and terror financing risks posed by trusts, including foreign trusts, and waqfs in Pakistan, the report said.

The report advised that Pakistan should significantly enhance the use of financial intelligence in money laundering, terror financing, and predicate crime cases, particularly the use of financial intelligence to target terrorist groups and higher- risk predicate crimes.

The terrorist groups operating in Pakistan are reported to include but not limited to ISIS-Khorasan, Tehreek-e-Taliban Pakistan, Quetta Shura Taliban, Haqqani Network and Lashkar-e-Taiba (including its affiliates Jamaat ud Dawa and Falah-i-Insaniat Foundation), which raise funds through a variety of means, including direct support, public fundraising, abuse of NPOs and though criminal activities, the report added.

Blacklisting by FATF entails being downgraded by the International Monetary Fund, the World Bank and the Asian Development Bank and facing negative assessments from credit rating agencies such as Moody’s, Standard & Poor’s and Fitch.

India and other member countries of the FATF have charged Pakistan with failing to take concrete action against Hafiz Saeed, Masood Azhar and other UN-designated terrorists, pointing out that its anti-terror law still remains out of sync with standards set by the international body.

Pakistan contends it has done enough by seizing over 700 properties belonging to the Lashkar-e-Taiba, Jamaat-ud-Daawa, Falah-i-Insaniyat Foundation and the Jaish-e-Mohammed but India and other FATF members have pointed out that seizures do not necessarily indicate compliance.

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Magnitude 7 earthquake strikes Tibet after floods

A magnitude 7 earthquake struck northern Tibet on Thursday, October 22. The tremor came weeks after deadly flash floods and landslides hit the mountainous region near the Nepal-China border. Initial reports did not confirm casualties or damage from the earthquake.

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A powerful earthquake measuring magnitude 7 struck northern Tibet on Thursday, October 22, weeks after deadly flash floods and landslides devastated parts of the mountainous region near the Nepal-China border.

The earthquake struck the Nagqu region of Tibet, according to initial reports from earthquake monitoring agencies. The tremor occurred at around 10:33 pm local time in China, with the epicentre located in a county in northern Tibet.

The earthquake was reported at a depth of around 10 kilometres by China’s Earthquake Networks Center. The United States Geological Survey also reported the magnitude 7 tremor, placing its depth at approximately 18 kilometres.

There were no immediate confirmed reports of casualties or property damage following the earthquake, according to initial information available after the tremor.

Earthquake strikes northern Tibet

The earthquake occurred in the Nagqu region, approximately 400 kilometres from Lhasa, the capital of Tibet.

The tremor was recorded on Thursday evening, with monitoring agencies reporting slightly different estimates of its depth. China’s Earthquake Networks Center placed the epicentre at a depth of 10 kilometres, while the US Geological Survey reported a depth of 18 kilometres.

Further information about the earthquake’s impact was awaited at the time of the initial reports.

Tibet earthquake follows deadly flash floods

The earthquake struck weeks after devastating flash floods and landslides affected the mountainous region along the Nepal-China border in late August.

The earlier disaster followed an ice-and-rock avalanche near the border on August 26, triggering flash floods that swept through downstream areas. Homes, roads, bridges and power infrastructure were among the structures affected, while rescue and recovery operations continued in the aftermath.

The floods caused extensive destruction and left thousands of people dead or missing across the affected region, according to reports published after the disaster.

The latest earthquake is a separate event from the earlier avalanche and flooding disaster. An assessment of its effects was not immediately available.

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Macron rejects Trump’s immigration claims over France riots

French President Emmanuel Macron criticised Donald Trump and other foreign leaders over their comments on France’s recent unrest. Macron rejected claims that the country was being overrun by migrants and Islamists, calling such assertions false.

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French President Emmanuel Macron has criticised US President Donald Trump and other foreign leaders for their remarks about the recent unrest in France, accusing them of using the situation to advance their political agendas.

Speaking to reporters in Doha on Wednesday, October 21, Macron said foreign manipulation of information following the violence and looting had led to comments he described as “unacceptable” and “stupid”.

When asked whether he was referring to Trump, Macron replied, “Among others.”

The remarks came after Trump attributed the unrest in France to immigration and urged European countries to tighten their borders. Macron rejected claims that France had been overrun by migrants and Islamists, describing them as false.

Macron rejects claims linking unrest to immigration

Trump had argued that immigration was responsible for the violence in France, dismissing other explanations related to education and social concerns. He also urged Macron to close France’s borders, warning that the country faced serious consequences if it failed to act.

In a post on his social media platform Truth Social, Trump claimed that immigration had damaged France and called on the country to regain control of its borders.

Macron pushed back against this narrative, saying that some foreign leaders were repeating misleading claims about the situation. He also highlighted the circulation of artificial intelligence-generated images that depicted events he said had never taken place in France.

The French president said claims that the country had been invaded by large numbers of migrants and Islamists were “completely false”.

Macron argued that some politicians were using France’s domestic situation to support their own political campaigns, particularly as elections approach in their respective countries.

French minister offers to counter misinformation

French Foreign Minister Jean-Noel Barrot said his office could provide clarification to countries concerned about the situation.

He said the aim was to help prevent the spread or amplification of false information and unsupported claims on social media.

Macron also criticised those speaking negatively about France during the unrest, saying that foreign leaders should not exploit the country’s difficulties for political purposes.

Protests driven by rising living costs

The unrest followed demonstrations over rising living costs, inflation and concerns about public services. The protests initially involved students demanding more teachers and better school conditions before expanding to include trade unions and others concerned about economic pressures.

Violence and looting subsequently affected Paris and other French cities.

The French interior ministry estimated that 550,000 people took part in the nationwide demonstrations, while the CGT trade union put attendance at 800,000. The demands reported in connection with the demonstrations centred on living costs and public services rather than immigration.

The French government has faced pressure to prevent further violence, with additional demonstrations planned in the coming days.

Macron said France had the means to maintain order and indicated that a state of emergency was not necessary at that stage.

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Marco Rubio says India and US share extraordinary alignment on key issues

US Secretary of State Marco Rubio said India and the United States share an extraordinary alignment on core issues, even though disagreements between the two countries may arise.

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US Secretary of State Marco Rubio has described the relationship between India and the United States as one marked by an “extraordinary alignment” on important national interests, while acknowledging that the two countries may disagree on certain matters.

Speaking at a ‘Freedom 250’ reception in Mumbai on Tuesday during his visit to India, Rubio said the partnership between the two countries could play a significant role in shaping the 21st century. He emphasised the importance of cooperation between the two nations on issues that affect their respective national interests.

Rubio highlights shared priorities in the Indo-Pacific

Rubio identified the need for a free and open Indo-Pacific as a key area of common ground between New Delhi and Washington. He said both countries had an interest in ensuring that no nation claimed dominance over international shipping routes.

He acknowledged that disagreements between countries were inevitable but said the alignment between India and the US on core issues remained significant, particularly given the size and influence of both nations.

Rubio also described India as a powerful, influential and advanced country, calling it a strong geopolitical partner for the United States.

India-US relationship could shape the 21st century

Rubio said the partnership between the two countries could help shape the course of the coming decades. He pointed to shared values, including individual dignity, democratic principles and the rule of law, as common ground between the two nations.

He also noted that decisions being taken today on geopolitics, economics, trade and commerce would have consequences for future generations.

The US Secretary of State said he believed the relationship between India and the United States could positively influence what the 21st century looks like.

Trade ties remain an important part of the relationship

Rubio’s remarks come amid ongoing discussions between India and the United States over trade and other bilateral issues.

Earlier on Tuesday, he said the two countries were very close to signing a bilateral trade agreement, with a small number of outstanding points still to be resolved.

Trade relations have faced challenges over tariffs, India’s purchases of Russian oil and US immigration policies. Despite these differences, Rubio’s comments underscored Washington’s emphasis on the broader strategic partnership with New Delhi.

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