China decided to play down on FATF’s decision to include Pakistan among nations posing a risk to the international financial system. FATF had cited that the ‘grey list’ nations need to do much more to prevent terror financing and money laundering.
China, opposing FATF on Friday said that the international community needs to give Pakistan full recognition and show trust as far as its “great efforts and sacrifices made” in the fight against terrorism.
FATF remarked that Pakistan’s financial system has many “strategic deficiencies”, underscoring the nation’s inefficiency in preventing terror financing and money laundering.
“Pakistan’s efforts in combating terrorism have won not only China but also many countries in the international community,” The Times of Islamabad newspaper quoted Chinese foreign ministry’s spokesperson Lu Kang, as saying while responding to a question on the FATF listing of Pakistan during his regular briefing of the media yesterday.
Kang also described Beijing and Islamabad as “all-weather strategic partners”, and added that the former is willing to continue to strengthen cooperation with the latter in anti-terrorism efforts.
