NEW DELHI: Pakistan has been blacklisted for its terror funding activities.
It was put in an “enhanced blacklist” by global financial watchdog
Financial Action Task Force’s Asia-Pacific division
for its failure to meet global standards, officials said on Friday.
The Financial Action Task Force (FATF) has issued a strong warning to Pakistan,
against UN-designated terrorists operating on its soil by October,
highly placed sources in the Indian diplomatic team said on Friday.
Although China came to Pakistan’s rescue on the matter,
it did not oppose the final language of the warning issued to the country.
Pakistan already put on “grey list”
The global watchdog has already put Pakistan on its “grey list” of countries with inadequate controls over curbing money laundering and terrorism financing.
Pakistan stands the risk of facing global sanctions, if it is blacklisted by the FATF.
“The FATF strongly urges Pakistan to swiftly complete its action plan by October 2019.
“Otherwise, the FATF will decide the next step at that time for insufficient progress.”
India and other member countries of the FATF have charged Pakistan with failing
to take concrete action against Hafiz Saeed and Maulana Masood Azhar
beside other UN-designated terrorists,
pointing out that its anti-terror law still remains out of sync with standards set by the international body.
“It’s a serious anomaly that Pakistan’s anti-terror law still remains out of sync
with FATF standards and also the latest UN resolution 2462,
which calls for criminalising terrorist financing.
We have pointed this out regularly at plenary sessions,”
a senior officer told .
UN-designated terrorists including,
Hafiz Saeed and Azhar Masood, raised by several FATF members.
Although, Pakistan contends that it has done enough by seizing over 700 properties
belongingto the Lashkar-e-Taiba, Jamaat-ud-Daawa, Falah-i-Insaniyat
Foundationand the Jaish-e-Mohammed,
India and other FATF members have pointed out that seizures do not necessarily