Pak under FATF fire

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Pak under FATF fire

Pak under FATF fire
October 14
12:58 2019

Pakistan is under pressure from global anti-terror watchdog Financial Action Task Force (FATF). The anti-terror agency, which had earlier warned Pakistan to act against terror groups operating within its borders, is currently meeting in Paris to decide whether to retain it in a “grey list” of countries with inadequate controls over terrorism financing.

National Security Advisor Ajit Doval said today at a meeting of Anti-Terrorism Squad (ATS) chiefs in Delhi that Pakistan has been using terrorism as the instrument of state policy. Although Pakistan sponsors terrorism is well known there is need of evidence which stands scrutiny internationally.

Last week the FATF told Pakistan it had failed to fully implement a UN Security Council resolution against Hafiz Saeed and other UN-designated terrorists, as well as outfits like Jaish-e-Mohammed and the Lashkar-e-Taiba.

According to a report released by the Asia-Pacific division of the FATF, Pakistan was fully compliant with only one of 40 recommendations on curbing money laundering and terror-financing in the country and violating 39 conditions. The FATF is currently headed by China and has Malaysia, Turkey as well as Saudi Arabia are its members. China, Malaysia and Turkey are most likely to vote against a downgrade for close friend Pakistan.

Even in the grey list will prove very costly for Pakistan estimated losses worth $10 billion annually. But Pakistan army considers it part of its foreign policy (support to terror) and that the terror groups are part of its low intensity war against India, and also the Pakistan army has strategic depth in Afghanistan.

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