Islamabad: India is a fit case to be blacklisted by Financial Action Task Force (FATF) for its money laundering and terrorism sponsoring.
According to a research report 44 Indian banks had been flagged for carrying out suspicious transactions worth more than $1 billion but FATF is reluctant to take action against India despite the fact that there was ample evidence against it.
The report further revealed that India, under Modi, had become a security threat to the world but was being overlooked by FATF and other global bodies. FATF’s preferential treatment to India will only damage the credibility of the financial body, it added.
The report deplored that the FATF had shown favoritism towards India by continuing to ignore its money laundering and terror financing and had given it a free hand. It said that India was trying to destroy credibility of the global institutions like FATF for fulfilling its narrow political designs.
The report said, the upcoming FATF plenary meeting is the right time to blacklist India for its suspicious transactions, adding that the FATF must take action against India and Modi for being involved in terror financing and money laundering. Web Desk
