Friday, March 29, 2024
News

FATF diktats to have negative impact on Turkey-Pakistan ties: Expert

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

Ankara | November 22, 2021 1:47:52 PM IST
In a significant move, the Financial Action Task Force (FATF), Turkey, alongside Mali and Jordan have been added to the watchdog's grey list in October. Last Month, Turkey joined Pakistan in Financial Action Task Force's (FATF) grey list.

Writing in Policy Research Group, London based business consultant James Crickton said that the FATF diktats and their fall-out will have a negative impact on Turkish-Pakistan relations.

Crickton noted that ties have burgeoned with President Recep Tayyip Erdogan and Prime Minister Imran Khan exchanging high-profile state visits and working on ways to boost bilateral ties.

The global money-laundering watchdog had placed Turkey in October in its "grey list" for non-adherence to the United Nations sanction regime, money laundering and abuse of terror financing. Ankara had reacted strongly, calling it unfair.

The greylisting is not just a blow to Ankara, but also to its closest ally Pakistan which is developing a strategic relationship with Turkey under its president Recep Tayyip Erdogan.

FATF President Marcus Pleyer of Germany was more to the point in his post-plenary press meet, saying Turkey needs to address "serious issues of supervision" in its banking and real estate sectors, and with gold and precious stones dealers.

"The FATF diktats and their fall-out will have a negative impact on Turkish-Pakistan relations, although Ankara is not an aid-giver to Islamabad. Ties have burgeoned with President Recep Tayyip Erdogan and Prime Minister Imran Khan exchanging high-profile state visits and working on ways to boost bilateral ties." Crickton writes.

Crickton believes that the situation could get worse for Turkey after FATF's grey listing.

"All this India bashing and Kashmir outcry offers no manna either to Pakistan or Turkey. With the FATF breathing down its neck literally, the situation remains precarious for Pakistan. It could get worse for Turkey." he writes. (ANI)

 
  LATEST COMMENTS ()
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE WORLD NEWS
South Africa's former President Jacob Zu...
Pakistan Tehreek-e-Insaf to hold rally o...
8 people killed after pickup truck falls...
'Government's attempts to scare and inti...
EAM Jaishankar shares glimpse from his t...
US reaffirms support for Philippines sov...
More...
 
INDIA WORLD ASIA
Uttar Pradesh: Security tightened in Ali...
'Three parties have allied directly...':...
Eknath Shinde's Shiv Sena releases first...
Jailed gangster-turned-politician Mukhta...
Chennai: Three dead after false ceiling ...
'My father was being given slow poison; ...
More...    
 
 Top Stories
Pakistan Tehreek-e-Insaf to hold ra... 
Miami Open: Bopanna-Ebden storms in... 
Anju Bobby questions IOA's decision... 
"Three parties have allied directly... 
8 people killed after pickup truck ... 
IPL 2024: Rishabh Pant feels 'disap... 
Eknath Shinde's Shiv Sena releases ... 
"Thought we could win series": Craw...