Pak not done enough to curb finances of terror groups: Watchdog FATF

February 22, 2019 17:08

The global terror financing watchdog Financial Action Task Force has strongly condemned the Pulwama terror attack at its plenary meeting, which just concluded in Paris today. The FATF said Pakistan has not done enough to curb the finances of terror groups like the Jaish-e-Mohammed and Lashkar-e-Taiba. This means Pakistan continues to remain in what is called the FATF 'grey list', making it hard for the country to get international loans, reports NDTV.

The report said the Paris-headquartered FATF will also be told through the dossier how Pakistani agencies are providing funds to the Pakistan-based Jaish-e-Mohammed, which has claimed responsibility for the car bomb attack on a CRPF convoy on the Jammu-Srinagar highway last week.

The FATF blacklist means the country concerned is "non-cooperative" in the global fight against money laundering and terrorist financing. If the FATF blacklists Pakistan, it may lead to downgrading of the country by lenders like International Monetary Fund, World Bank, Asian Development Bank and European Union.

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