With the terror-financing watchdog Financial Action task Force (FATF) set to review Pakistan’s counter-terror financing regime in about a month, Prime Minister (PM) Imran Khan’s administration has put up measures in place to ensure such offences are investigated by specialised agencies, reports Hindustan Times.
The FATF will be holding its plenary from 21-25 June. In the previous plenary meeting of the FATF which was held in bygone February, Pakistan had been retained on the “grey list”. The FATF had then called on the Islamic Republic to complete an action plan to counter terror financing before June.
Then, Pakistan had asserted that it had “largely addressed” 24 of the 27 items in the action plan. However, FATF’s president Marcus Pleyer had pointed out the remaining deficiencies were all “serious”.
The FATF had specifically asked Pakistan to show that terror financing investigations and prosecutions were targeting UN-designated terrorists and their proxies, that prosecutions were resulting in effective and dissuasive sanctions, and that targeted financial sanctions against UN-designated terrorists and their proxies were being effectively implemented.
Meanwhile, it should be noted that Prime Minister (PM) Borish Johnson’s administration in the United Kingdom (UK) had recently included Pakistan in its list of “high-risk” nations for terror financing and money laundering.
An Appeal...
Dear Reader,
As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.
Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.
We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.
Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.