Pakistan Senate rejects two Bills associated to FATF gray record

Islamabad, August 26

Pakistan’s Opposition-dominated Senate has rejected two Bills associated to the robust circumstances set by the Financial Action Task Force (FATF), jeopardising the federal government’s efforts to flee from being blacklisted by the worldwide cash laundering and terrorist financing watchdog.

‘Desperate move to save ill-gotten money’

Opposition leaders have turn out to be determined to avoid wasting their corrupt cash. They try to cover behind the facade of democracy to guard their loot and plunder. — Imran Khan, Pakistan Prime Minister

The transfer drew a powerful response from Prime Minister Imran Khan, who accused the Opposition leaders of attempting to avoid wasting their unlawful cash.

The Anti-Money Laundering (Second Amendment) Bill and the Islamabad Capital Territory (ICT) Waqf Properties Bill, handed by the National Assembly a day earlier than, had been rejected by way of a voice vote by the Senate on Tuesday.

The legislations had been a part of efforts by Pakistan to maneuver from the FATF’s gray record to the white record.

The Paris-based Financial Action Task Force (FATF) put Pakistan on the gray record in June 2018 and requested Islamabad to implement a plan of motion by the top of 2019, however the deadline was prolonged afterward resulting from Covid-19.

The 104-member Senate, the place the Opposition enjoys a majority, rejected two Bills after Leader of the House Shahzad Waseem refused to tender an apology for remarks that he made towards the Opposition management final week, Dawn newspaper stated.

Waseem with out naming the Opposition leaders accused them of being concerned in cash laundering. The Bills will now be taken up for voting at a joint session of Parliament.

“Today in Senate, the Opposition defeated two critical FATF-related Bills: Anti Money Laundering and ICT Waqf Bills. From day one I have maintained that the self-serving interests of the Opposition leaders and the country’s interests are divergent,” the PM tweeted.

“The Opposition leaders have become desperate to save their corrupt money by trying to prevent parliament from functioning; by seeking to undermine the government’s effective Covid-19 strategy — a recognised global success story — and now by trying to sabotage Pakistan’s efforts to exit FATF grey list,” he added.

Khan additional stated the Opposition events had been attempting to cover behind the facade of democracy to guard their loot and plunder and utilizing blackmail as a tactic to realize concessions on their instances of corruption. — PTI

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