Pakistan put on terrorism blacklist by FATF’s Asia Pacific Division

In June this year, the watchdog had issued a strong warning to Pakistan to curb terror financing by October or face consequences. It had said that the country could be blacklisted unless it fulfills an “action plan” against UN-designated terrorists operating on its soil by October, highly placed sources in the Indian diplomatic team had said.

Written by August 23, 2019 12:18

New Delhi: The Asia-pacific Group of the Global watchdog for terror funding and money laundering has Blacklisted Pakistan for its failure to meet global standards.

The Asia Pacific Group (APG) of the Financial Action Task Force (FATF) has also found that Pakistan was non-compliant on 32 of the 40 compliance parameters of terror financing and money laundering.

In June this year, the watchdog had issued a strong warning to Pakistan to curb terror financing by October or face consequences. It had said that the country could be blacklisted unless it fulfills an “action plan” against UN-designated terrorists operating on its soil by October, highly placed sources in the Indian diplomatic team had said.

Last week, Islamabad had submitted a 450-page compliance document that detailed all the changes the government has made to existing laws, and actions against terror groups in the past year and a half.

US declares 3 Pak based LeT operatives

Pakistan had also claimed that it had charged Lashkar-e-Taiba/Jamaat-ud Dawa (JuD) chief Hafiz Saeed with terror financing, and frozen all assets of the JuD and other UNSC banned outfits this year, as part of its ongoing efforts to crack down on terror.