India congratulates China for becoming the vice chair of FATF

India congratulated China for becoming the vice chair of the Financial Action Task Force (FATF), a global body mandated to combat terror financing and hoped Beijing would “uphold and support” the objective of the watchdog in a balanced and objective way.

The FATF placed Pakistan under monitoring in its International Cooperation Review Group until June 2018 for compliance with Anti-Money Laundering and Combating Finance of Terrorism Regulations.

This was possible after Foreign Secretary Vijay Gokhale travelled to Beijing, and played a role in convincing the Chinese to stop objecting to the US proposal on placing Pakistan on the grey list.

Source: The Indian Express

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