Pakistan on the Grey list of FATF and money laundering of Swiss Banks & Offshore safe heavens

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By Dr Shahid Qureshi:  –

The recent decision of FATF (Financial Action Task Force) to keep Pakistan on ‘grey list’ have deep roots and lot of home work by the enemies of Pakistan both inside and outside. One does not need to be a rocket scientist to read the messages long before it starts but in Pakistan cancer of corruption is eroding the country by the minute. People in the uniform can only do so much as they are already fighting on many fronts.

I really feel sorry for them especially because these soldiers and officers come from the middle classes or working class with full passion and patriotism. What they face across the border is very clear and transparent but what is happening behind their back is even more alarming. It sounds like enemy has landed its forces behind the line and now they have watch their back as well as protect the borders.

Problem in Pakistan is treachery and that is what happened at the FATF meeting in France. Countries who are the biggest ‘money launderer and king pin of the corrupt financial system and terrorist financing and drug trade are heading this task force’. Pakistan should have sent some one of the best to fight this case in this so called FATF meeting, but they sent the lowest of the low who was already ready to lose. Well inner enemies like Nawaz Sharif and Asif Zardari has already done work for the enemies.

Nawaz Sharif blamed Pakistan for the Mumbai attacks and Asif Zradari mafia killed an honest customs officer who caught money laundering mule model ‘Ayan Ali’ red handed at the Islamabad Airport with over half million USD. The man accompanying her was Khalid Malik brother of Rehman Malik former interior minister, now senator and business partner of Benazir Bhutto and Asif Ali Zardari.

Sharif regime instead of prosecuting her and complete the legal process used ‘Ayan Ali’ as a leverage to deal with Asif Zardari. Can you imagine Asif Zardari’s former Attorney General and former Governor of Punjab was attending lower courts to get her bail and acquittal? This was a test case of money laundering and currency smuggling by ‘mafia of Pakistan’ more visible to the people of Pakistan as well as international institutions as well as the diplomats in Islamabad.

Well let’s be clear about the motives of the FATF. Is it a body to deal with the corruption and financial terrorism? The answer is no. Is it to tighten the nose around Pakistan’s neck to de-nuclearize? The answer is yes. How they are doing all this, and everyone is sleeping in Pakistan?  Well not everyone but those who are to stop and deal they are letting this happen and that is called ‘treachery’. Those Pakistani ‘dual national’ high officials in the state system are directly responsible for this.

I told an Israeli panelist to add, “corrupt banking system (Switzerland) and tax free safe heavens to the list of institution fueling terrorism in the world”. I was talking to the panel consists of Abdullah Gul former president of Turkey, Prime Minister of Portugal, Bill Richardson former US ambassador to UN and Governor of US State of Mexico in the Eurasia Media Forum in Astana – Kazakhstan. Ambassador Bill Richardson while answering the question agreed with my comment and went one step further by including international NGOs as one of the non-state actors. Later Prime Minister of Portugal said to me Dr Qureshi: “these ‘off shore tax free safe heavens’ are not European thing but it is very British and American thing’. The Israeli former minister and lawyer also agreed with me and acknowledged the role of banks in fueling terrorism and terror financing.

Now anyone sitting in the FATF meeting representing Pakistan in Paris should have asked for the transparency and dismantling of the corrupt banking system in off shore tax free safe heavens because they are playing major role in money laundering in Pakistan. The proof is that over 450 Pakistani high and mighty officials, politicians, businessmen including three times prime minister Nawaz Sharif are listed in the Panama offshore companies aka ‘Panama Leaks’.

Pakistan still have time to write back to the FATF and asked for the list of all Pakistanis or dual national Pakistanis who have bank accounts in Switzerland and off shore tax free safe heavens / Islands and put the ball in their (FATF) court as well as start a swift clean up operation in Pakistan to put house in order.

(Dr Shahid Qureshi is senior analyst with BBC and chief editor of The London Post. He writes on security, terrorism and foreign policy. He also appears as analyst on Al-Jazeera, Press TV, MBC, Kazak TV (Kazakhstan), LBC Radio London. He was also international election observer for Azerbaijan April 2018, Kazakhstan 2015 and 2016 and Pakistan 2002. He has written a famous book “War on Terror and Siege of Pakistan” published in 2009. At Government College Lahore he wrote his MA thesis on ‘Political Thought of Imam Khomeini’ and visited Tehran University. He is PhD in ‘Political Psychology’ and studied Law at a British University. He also speaks at Cambridge University. He is a visiting Professor at Hebe University in China.)

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