China warns member countries not to politicise FATF

Published
59
The Financial Action Task Force (FATF) forum should not be politicised by countries to pursue their agenda, said a top Chinese foreign ministry official on Monday. — FSC.go.kr/File
The Financial Action Task Force (FATF) forum should not be politicised by countries to pursue their agenda, said a top Chinese foreign ministry official on Monday. — FSC.go.kr/File

BEIJING: The Financial Action Task Force (FATF) forum should not be politicised by countries to pursue their agenda, said a top Chinese foreign ministry official on Monday.

“China does not want the FATF to be politicised by any single country. There are some countries which want to include Pakistan in the blacklist. They have political designs which China is against,” said Deputy Director General Yao Wen at the Department of Asian Affairs of China’s Ministry of Foreign Affairs.

Speaking to a group of Pakistani jou­r­nalists, Mr Yao said China bloc­k­ed attempts to include Pakistan in the blacklist. “We made it clear to the US and India that we cannot do it. It goes beyond the purpose of FATF,” he added.

Read: Progress made to remove Pakistan from grey list

He said the FATF was meant to support a country to take action against terror financing. “Pakistan was effectively pursuing its National Action Plan and China encouraged it to act against terrorists and strengthen its system.”

Official says some countries want Pakistan put on blacklist

Mr Yao said instead of pressuring Pa­k­istan, FATF member countries sho­uld assist Pakistan to improve its system.

Besides China, Turkey and Malaysia also supported Pakistan in the FATF meeting held in October.

The FATF is a global watchdog for money laundering and terrorist financing. On Oct 18, it gave a four-month lifeline to Pakistan and strongly urged Pakistan to complete its action plan by February 2020 and until then the country will remain on the “grey list”, according to a Dawn newspaper report.

The Paris-based FATF reviewed measures taken and progress made by almost 15 countries, including Pakistan, vis-à-vis anti-money laundering and combating financing of terrorism (AML/CFT) in its five-day plenary, which con­clu­ded on Oct 18, the report added.

China, India

Mr Yao welcomed the establishment of the China-Pakistan Economic Corridor Authority by Pakistan and said it would help expedite work on CPEC projects.

About the recent visit of Chinese Pre­sident Xi Jinping to India amid Kashmir tensions, Mr Yao said relations between China and Pakistan were mature enough to handle such visits. “Mutual trust between China and Pakistan is very high while we have a deficit of trust with India since we have so many problems and differences [with them],” he added.

He said Mr Xi conveyed Pakistan’s concerns to Indian Prime Minister Narendra Modi over Kashmir.

“India was told that Pakistan did not want war with it and desired to resolve the Kashmir issue through peaceful means,” he added.

Mr Yao said China had a clear position that Kashmir is a disputed territory and the issue needs to be resolved in accordance with the United Nations Charter and Security Council resolutions.

“China did not back the unilateral action taken by India [on Aug 5]. China is willing to play a constructive role for the peaceful resolution of the Kashmir issue,” he said. He said China and Pakistan had strong cooperation in the defence sector.

Published in Dawn, October 29th, 2019

Follow Dawn Business on X, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Fixing bond markets
Updated 01 Oct, 2026

Fixing bond markets

Pension funds, insurance companies, mutual funds, retail investors, and eventually, foreign investors must become bigger participants in the market.
Call centre rackets
01 Oct, 2026

Call centre rackets

A NUMBER of recent raids conducted by the authorities in different cities point to the growing threat fraudulent ...
Homeward bound
01 Oct, 2026

Homeward bound

FIVE months after Somali pirates captured an oil tanker carrying a 19-member multinational crew, Somali maritime...
Kashmir unresolved
Updated 30 Sep, 2026

Kashmir unresolved

The just solution lies in India addressing the issue through a trilateral dialogue involving the legitimate representatives of the Kashmiri people and Pakistan.
Water shortage
30 Sep, 2026

Water shortage

THAT the country is entering the Rabi season with an anticipated water shortage of nearly 25pc, the lowest carryover...
Young hearts
30 Sep, 2026

Young hearts

THE observance may have passed, but the message of World Heart Day should not fade with it. The occasion is a useful...