The neutrality of the FATF in danger

Financial Action Task Force was basically initiated by G7 countries to combat money laundering. later its scope was expanded to combating terror financing. It has currently 29 member states. The Paris-based Financial Action Task Force (FATF) has gray and black list categories. It places in its gray list those nations that need to do more to combat [money laundering](http://The neutrality of the FATF in danger Financial Action Task Force was basically initiated by G7 countries to combat money laundering. later its scope was expanded to combating terror financing. It has currently 29 member states. The Paris-based Financial Action Task Force (FATF) has grey and black list categories. It places in its grey list those nations that need to do more to combat money laundering and terror financing activities. If a nation in grey list fails to comply completely with the FATF criteria, it is placed in the black list, meaning all 29 member states restrain from trading with it. It has been observed that FATF has failed to maintain its neutrality and its actions are biased. It has become clear when FATF has grey-listed the UAE for allegedly promoting money laundering. It was no less than a shock to see FATF grey-listing the UAE. It’s because the UAE is such a state where people and businesses are free of federal taxes. SEE ALSO What if the Ukrainians resist Russian forces for more than 30 days? What if nuclear war breaks out? What are the possibilities that Russia can invade Ukraine and what hindrances it can face? That’s is the reason why it’s a lucrative market for businesses. The USA, on the other hand, is largely compliant with 22 of the 40 FATF recommendations and yet it’s not in the grey list let alone the black list. Moreover, Pakistan has achieved over 30 of the 40 FATF Recommendations, and yet it’s on the grey list. The bottom line is, after analyzing all the cases, FATF is no more a neutral body to watch and control money laundering and terror financing. Its actions actually benefit China as more nations will incline towards China for trade.) and terror financing activities. If a nation in gray list fails to comply completely with the FATF criteria, it is placed in the black list, meaning all 29 member states restrain from trading with it.

It has been observed that FATF has failed to maintain its neutrality and its actions are biased. It has become clear when FATF has [gray-listed ](http://The neutrality of the FATF in danger Financial Action Task Force was basically initiated by G7 countries to combat money laundering. later its scope was expanded to combating terror financing. It has currently 29 member states. The Paris-based Financial Action Task Force (FATF) has grey and black list categories. It places in its grey list those nations that need to do more to combat money laundering and terror financing activities. If a nation in grey list fails to comply completely with the FATF criteria, it is placed in the black list, meaning all 29 member states restrain from trading with it. It has been observed that FATF has failed to maintain its neutrality and its actions are biased. It has become clear when FATF has grey-listed the UAE for allegedly promoting money laundering. It was no less than a shock to see FATF grey-listing the UAE. It’s because the UAE is such a state where people and businesses are free of federal taxes. SEE ALSO What if the Ukrainians resist Russian forces for more than 30 days? What if nuclear war breaks out? What are the possibilities that Russia can invade Ukraine and what hindrances it can face? That’s is the reason why it’s a lucrative market for businesses. The USA, on the other hand, is largely compliant with 22 of the 40 FATF recommendations and yet it’s not in the grey list let alone the black list. Moreover, Pakistan has achieved over 30 of the 40 FATF Recommendations, and yet it’s on the grey list. The bottom line is, after analyzing all the cases, FATF is no more a neutral body to watch and control money laundering and terror financing. Its actions actually benefit China as more nations will incline towards China for trade.)the UAE for allegedly promoting money laundering. It was no less than a shock to see FATF gray-listing the UAE. It’s because the UAE is such a state where people and businesses are free of federal taxes. FATF concludes that the UAE’s approach promotes money laundering. The USA, on the other hand, is largely compliant with 22 of the 40 FATF recommendations and yet it’s not in the gray list let alone the black list. Moreover, Pakistan has achieved over 30 of the 40 FATF Recommendations, and yet it’s on the gray list.

The bottom line is, after analyzing all the cases, FATF is no more a neutral body to watch and control money laundering and terror financing. Its actions actually benefit China as more nations will incline towards China for trade.