"Developing countries are being impoverished by their corrupt elites who launder money to richer countries and offshore tax havens," the PM tweeted.
"I will lead efforts internationally to bring transparency to the global financial system, go after illicit tax havens, seize stolen assets, and make it more difficult for leaders who steal from their people to hide behind anonymous front companies," Biden wrote.
The military spokesperson said that tangible evidence reflects that Indian foreign missions in FATF member countries have always been ‘extensively lobbying’ with hosts prior to FATF meetings to undermine Pakistan’s achievements and create conditions for our grey/ blacklisting.
The Paris-based money laundering and terror financing watchdog, while noting Pakistan had fulfilled 21 of the 27 conditions required, gave the country until Feb 2021 to complete the remaining conditions while retaining Pakistan on its grey list.
The plenary meeting of the FATF would decide on the basis of measures taken by the government against money laundering and terror financing, whether Pakistan should be excluded from its “grey list” or not.
She said that the FATF meeting to be held today (Friday) would not decide regarding Pakistan's grey list status, the decision to keep Pakistan on the grey list or be removed from it will be made in March next year, in the final session.
The Ministry of Foreign Affairs categorically rejected the story circulating on social media as false and baseless, saying Pakistan and Saudi Arabia enjoy strong fraternal ties and the two countries have always cooperated with each other on all matters of bilateral, regional and international importance
The three crucial FATF-related bills included the Anti-Money Laundering (Second Amendment) Bill, 2020, the Islamabad Capital Territory Waqf Properties Bill, 2020, and the Anti-Terrorism (Third Amendment) Bill, 2020.