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Pakistan remains in FATF’s ‘grey list’ for failure to check terror funding

A sub-group of the global terror financing watchdog FATF on Tuesday recommended continuation of Pakistan in the ‘Grey List’ for its failure to check terror funding and a final decision will be taken on February 21, sources said on Tuesday. The decision was taken at the meeting of the FATF’s International Co-operation Review Group (ICRG), held at the ongoing Paris plenary.

“The ICRG meeting, sub group of the FATF, has recommended that Pakistan be retained in the ‘Grey List’. A final decision will be taken on Friday when the FATF takes up issues concerning Pakistan,” a source said.

The FATF meeting is being held a week after an anti-terrorism court in Pakistan sentenced Hafiz Saeed, the mastermind of the 2008 Mumbai attack and founder of LeT, to 11 years in two terror financing cases. The Pakistani court’s judgement came ostensibly to please the FATF and Western countries so that the country can exit the ‘Grey List’.

India has been maintaining that Pakistan extends regular support to terror groups like Lashkar-e-Taiba (LeT), Jaish-e-Mohammad (JeM) and Hizbul Mujahideen, whose prime target is India, and has urged FATF to take action against Islamabad. Saeed, a UN-designated terrorist on whom the US has placed a USD 10 million bounty, was arrested on July 17, 2019 in the terror financing cases.

The 70-year-old fiery cleric is lodged at the high-security Kot Lakhpat jail in Pakistan. Pakistan has also recently informed FATF that JeM founder Masood Azhar and his family are “missing”. It has claimed that there were only 16 UN-designated terrorists in Pakistan, of which “seven are dead”. Out of the nine who are alive, seven had applied to the UN for exemption from financial and travel restrictions.

Pakistan needs 12 votes out of 39 to exit the ‘Grey List’ and move to ‘White List’. To avoid the ‘Black List’, it needs the support of the three countries.

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Financial Express
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