India set to present case against Pakistan at FATF in Paris

India will present a dossier against Pakistan demanding to blacklist it for its role in abetting global terrorism at the Plenary session of the Financial Action Task Force in Paris.

The details of the terror attacks carried out by the JeM in the past will be mentioned in the document.

The Paris-headquartered Financial Action Task Force will also be told through the dossier how the Pakistani agencies are providing funds to the JeM.

The FATF blacklist means the country concerned is “non-cooperative” in the global fight against money laundering and terrorist financing.

If the FATF blacklists Pakistan, it may lead to downgrading of the country by multilateral lenders like IMF, World Bank, ADB, EU and also a reduction in risk rating by Moodys, S&P and Fitch.

Pakistan has been put on the grey list of the anti-terror finance watchdog in July 2018.