'Serious deficiency on the part of Pakistan in checking terror-financing and it is yet to demonstrate taking action against the UN-designated terrorists and their associates', says FATF
Pakistan admitted that Dawood Ibrahim was present on its soil after it imposed financial sanctions on 88 banned terror groups and their leaders. Underworld don Ibrahim's name also figured in the list.
The hype notwithstanding, Pakistan is unlikely to be put in the “blacklist” of the Financial Action Task Force in the foreseeable future, writes Pranay Sharma.
Global terror financing watchdog FATF last month retained Pakistan on its 'Grey List' till February next year for its failure to take adequate action against terror financing.
The major terrorist groups that focused on conducting attacks in Pakistan included Tehrik-e-Taliban Pakistan (TTP), Jamaat-ul Abrar (JuA), Islamic State’s Khorasan Province (ISIS-K), and the sectarian group Lashkar-eJhangvi al-Alami (LJA).
There is a lot of misunderstanding in India about FATF. It is not a legally empowered international body to impose sanctions like the UN Security Council or the European Union.
The FATF had wanted Pakistan to continue 'demonstrating that authorities are identifying cash couriers and enforcing controls on illicit movement of currency and understanding the risk of cash couriers being used for terror financing.'
