India’s Foreign Secretary Vikram Misri discussed FATF cooperation with US Deputy Secretary of the Treasury Michael Faulkender as Delhi prepares to put Islamabad back on grey list
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Indian Foreign Secretary Vikram Misri discussed coordination in the upcoming Financial Action Task Force (FATF) processes with US Deputy Secretary of the Treasury Michael Faulkender during his recent tour to Washington DC, the Ministry of External Affairs (MEA) said in a statement on Saturday (May 31).
Misri toured the US capital from May 27 to 29 and met with senior officials of the Donald Trump administration to further deepen collaboration around the India-US COMPACT (Catalysing Opportunities for Military Partnership, Accelerated Commerce & Technology) for the 21st Century.
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“With Deputy Secretary of the Treasury Michael Faulkender, the Foreign Secretary discussed ways to deepen economic and financial ties, including collaboration in international financial institutions and coordination in the upcoming Financial Action Task Force (FATF) processes,” the MEA
statement said.
Notably, this comes as New Delhi gears up to put Islamabad back on the money laundering grey list in the wake of the recent Pahalgam terrorist attack in Jammu and Kashmir.
According to reports, India has collected enough evidence to support its claims regarding Pakistan’s support to extremists and radical Islamic terrorists who carry out attacks on Indians across the border.
India is expected to highlight the concerns around the dramatic increase in Pakistan’s defence budget despite its economy being in shambles, an indication that it may be inappropriately using funds given by the International Monetary Fund (IMF) and the World Bank to bolster its military apparatus.