Pakistan has repeatedly failed to do enough to investigate and demand top-appointed terror group leaders such as Lashkar-e-Taiba and Jaish-e-Mohammed.
New Delhi: Financial Action Task Force (FATF) on Friday defends Pakistan in the “Gray List” and directs it to do more in investigating and demanding senior leaders and commanders of terrorist groups appointed for terror financing.
Multilateral Watchdog announced on the conclusion of his plenary meeting that Pakistan completed 26 of the 27 action items in the state action plan were given to be applied when included in the gray list, or a list of countries faced by improved monitoring, in 2018.
“FATF encourages Pakistan to continue to make progress to overcome, as soon as possible, the remaining items continue to show that the investigation of terror financing and prosecution targets senior leaders and the designated terrorist group commander,” the organization said in a statement.
Pakistan has repeatedly failed to do enough to investigate and demand top-appointed terror group leaders such as Lashkar-e-Taiba (Leave) and Jaish-e-Mohammed (JEM). Although arrested and demanded let the founder of Hafiz Saeed in several cases of terror financing, the prosecution of other Lashkar leaders collapsed due to lack of evidence.
Last year, Fatf also asked Pakistan to apply a new action plan to fight money laundering.
FATF statement Friday said that since June 2021, Pakistan has taken “fast steps” to increase the anti-money laundering and counter-terror financing regime and finish six of the seven items in the second action plan “ahead of the relevant deadline, including by showing that it improves The impact of sanctions by nominating individuals and entities for the appointment and detention that is not and confiscated the results of crime “in line with the country’s risk profile.
“Pakistan must continue to work to overcome the remaining items in the 2021 action plan by showing positive and sustainable trends to pursue investigations and prosecution of money and complex prosecution,” the statement added.
