City
Epaper

Doubts raised over Pakistan's battle against terror financing

By IANS | Updated: May 17, 2019 13:20 IST

The Asia-Pacific Group (APG), a regional affiliate of the Financial Action Task Force (FATF), has raised questions on Pakistan's seriousness in its campaign against terror financing and money laundering, the media reported on Friday.

Open in App

A 10-member delegation led by Finance Secretary Mohammad Younas Dagha represented Pakistan at the two-day APG meeting in Guangzhou, China, where it briefed the group about the country's actions against currency smuggling, outlawed groups and tightening of financial and corporate sector systems, reports Dawn news.

At the meeting, some participants raised very tough questions about Pakistan's seriousness to act against proscribed organisations and the effectiveness of internal controls.

In response, the Pakistani side reported the arrests of key operatives of some proscribed outfits, putting more such organisations and their affiliates on the list of banned outfits, blocking their accounts and financial flows and taking control of their assets.

The delegation reported that Pakistan had either complied with or was very close to accomplishing the milestones under the FATF action plan well before the September deadline.

The APG will submit to the FATF an inter-governmental body which combats money laundering and terror financing its analysis of the compliance report submitted by Pakistan.

Last week, the Pakistan government placed nine more entities on the list of proscribed organisations, taking the tally to 71.

In March, law enforcement agencies launched a major crackdown on Jaish-e-Mohammad (JeM) led by Masood Azhar after he was declared a global terrorist by the UN Security Council.

That same month, Islamabad announced the freezing of accounts and seizure of assets linked to organisations banned by the UN Security Council.

Within weeks, the government said it had taken control of 182 seminaries and detained over 100 people as part of its push against proscribed groups.

Tags: apgun-security-council
Open in App

Related Stories

InternationalExternal Affairs Minister S. Jaishankar Claims Nehru's Policies Hindered India's Permanent UNSC Seat

InternationalEarthquake in US: Quake of Magnitude 5.5 Interrupts UN Security Council Meeting in New York - Watch Video

PoliticsSecurity Council renews mandate of UN Hodeidah mission

InternationalRussia requests UNSC meeting on Nord Stream blasts

InternationalRussia "threatened" by Ukraine potentially joining NATO: Ex Russian President Medvedev

International Realted Stories

InternationalEAM advocates for "realism" in relations with Russia, US at Arctic Circle India Forum 2025

InternationalWe can serve as bridge for Israelis, Palestinians: Cyprus President

InternationalPiyush Goyal meets Belgian Defence Minister, Minister-President of Flanders

InternationalUAE DyPM Saif bin Zayed attends closing ceremony of international symposium in Moscow

InternationalCrown Prince of Dubai reviews progress of key strategic road corridors, projects timeline through 2027