Pak hasn't taken sufficient action: FATF report

October 07, 2019 11:53

In a major setback for the Imran Khan government in Pakistan, Financial Action Task Force, the international money laundering watchdog, on Monday said the country has not taken sufficient measures to fully implement UNSCR 1267 obligations against 26/11 mastermind Hafiz Saeed and other terrorists associated with terrorist groups such as Lashkar-e-Tayiba and Jamaat-ud-Dawa.

The FATF report, which was published on Saturday, comes a week before the agency decides whether or not to retain Pakistan in an "enhanced blacklist" in which it had been included in August after it failed to comply with 32 of the 40 parameters. Pakistan also scored below par on 10 of 11 Immediate Outcome parameters.

"Pakistan has not taken sufficient measures to fully implement UNSCR 1267 obligations against all listed individuals and entities - especially those associated with LeT/JuD, and Falah-i-Insaniat Foundation as well as the groups," the report read.

"Pakistan should adequately identify, assess and understand its Money Laundering/Terror Financing risks including transnational risks and risks associated with terrorist groups operating in Pakistan such as Da'esh, AQ, JuD, FiF, LeT, JeM, HQN, and this should be used to implement a comprehensive and coordinated risk-based approach to combating ML and TF," the report continued.

In June, the agency had warned Pakistan to act decisively against terror-financing by October or face consequences. It had said the country could be blacklisted unless it fulfilled an "action plan" against UN-designated terrorists operating on its soil, highly-placed sources in the Indian diplomatic team said.

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