FATF unimpressed with Pakistan's actions against terrorism

World

07 Oct 2019

FATF notes Pakistan's actions against terrorism haven't been enough

The global-watchdog Financial Action Task Force (FATF) gave Pakistan months to act strongly against terrorism, but the country failed to do so.

Unimpressed by Imran Khan-led government, the Asia-Pacific Group (APG) of FATF on Monday said Islamabad didn't take concrete action against terror groups like Jaish-e-Mohammed and Lashkar-e-Taiba as well as their respective bosses Masood Azhar and Hafiz Saeed.

Here are more details.

Grey-list

Pakistan has been on FATF's grey-list for months now

Pakistan has been on FATF's grey-list for months now

In 2018, FATF, an intergovernmental body established in 1989, put Pakistan on its grey-list. The body is tasked with keeping a check on terror financing and once a country is blacklisted, it faces immense trouble in procuring foreign funds.

Notably, FATF will meet between October 13 and 18 in Paris to decide Pakistan's fate.

Obviously, the cash-strapped country simply can't afford to get blacklisted.

Recommendations

FATF gave Pakistan 40 recommendations, it ignored several of them

On Saturday, APG published its much-awaited 228-page 'Mutual Evaluation Report' and it didn't have amazing things to say about Pakistan.

Out of the 40 points on which Pakistan was supposed to take action, it was found fully compliant on only one and largely compliant on just nine.

It remained partially compliant on 26 recommendations and completely ignored four others.

Love World news?

Stay updated with the latest happenings.

Yes, notify me

Take a look at what the report read

"Pakistan has not taken sufficient measures to fully implement UNSCR 1267 obligations against all listed individuals and entities - especially those associated with Lashkar (LeT)/Jamaat-ud-Dawa (JuD), and Falah-i-Insaniat Foundation (FIF)," the report added.

Report

Pakistan allowed terror groups to operate freely: APG

Pakistan allowed terror groups to operate freely: APG

Further, the report added that FIF and JuD were allowed to function openly in Pakistan, despite the designation of the UNSC.

"Numerous Pakistani media reports showed FIF raising funds ostensibly for humanitarian relief, as well as operating a large ambulance fleet, which calls into question whether the prohibition on providing funds and financial services was being fully implemented," the report stated.

Details

Apparently, Pakistan's regulators "don't know" much about terror financing

In what serves as a major embarrassment for Pakistan, APG underscored that regulators like State Bank of Pakistan and the Securities and Exchange Commission of Pakistan, have little idea about how terror financing works.

"Competent authorities have varying levels of understanding of the country's money laundering and terror financing risks, and the private sector has a mixed understanding of risks," it went on.

Expectation

However, Pakistan might not get blacklisted this time

It's important to note that while Pakistan has faltered on several fronts, it could be "saved" from the blacklist, courtesy support from China, Turkey, and Malaysia.

Apparently, the support of at least three nations is essential to avoid being blacklisted.

India, however, has been pushing for Pakistan's blacklisting saying the country has been breeding notorious individuals that indulge in cross-border terrorism.

Share this timeline

Asia Pacific Fatf

Fatf Apg

Fatf Blacklist Pakistan

Fatf Members

Fatf On Pakistan

Fatf Pakistan

Imran Khan

India

India Pakistan

APG

Share this timeline

Ask NewsBytes
User Image

Most asked questions

When will FATF meet?

What will happen if Pakistan is blacklisted?

Will Pakistan be blacklisted?

What is APG?

More questions

When will FATF meet?

Asked 2019-10-07 14:40:59 by Trisha Vyas

Answered by NewsBytes

FATF will meet between October 13 and 18 in Paris.

What will happen if Pakistan is blacklisted?

Asked 2019-10-07 14:40:59 by Divya Tata

Answered by NewsBytes

If Pakistan gets blacklisted, it will face trouble in procuring foreign funds.

Will Pakistan be blacklisted?

Asked 2019-10-07 14:40:59 by Muhammad Khan

Answered by NewsBytes

Perhaps not. Pakistan has the support of China, Malaysia, and Turkey and might not be blacklisted.

What is APG?

Asked 2019-10-07 14:40:59 by Angel Patel

Answered by NewsBytes

APG stands for Asia Pacific Group.

Next Timeline