Islamabad: Pakistan is facing a good chance that it might be blacklisted by the Financial Action Task Force (FATF), an international organization which monitors terrorist funding and money laundering.
If blacklisted the Islamic country will find it hard to get aid and investments from international organizations and countries. This would seriously hamper the economy of the country, which is already under financial strain.
FATF said today that Pakistan has failed to take action to implement the UNSCR 1267 obligations to act against terror chief of Jammat-ud-Dawa (JuD), Hafiz Saeed and also other terrorists associated with the JuD and the Lashkar-e-Taiba.
The FATF said that Pakistan must identify, asses and understand the money laundering and terror financing risks and other risks from these terrorist groups.
FATF reported, “With the exception of some recent actions discussed in detail below, Pakistan has not taken sufficient measures to fully implement UNSCR 1267 obligations against all listed individuals and entities – especially those associated with Lashkar-e-Tayyiba (LeT)/Jamaat-ud-Dawa (JuD), and Falah-i-Insaniat Foundation (FIF) as well as the groups’ leader Hafiz Saeed.”
The FATF also accused Pakistan of not taking the decisions against terror groups to their completion.
The FATF had placed Pakistan on the grey list in June 2018 and it was given an action plan to be completed by October 2019. However, Pakistan is going slow on these action plans and that would weaken the prospects of the country.
