New Delhi | Jagran Reports Desk: Within a main setback for Pakistan, the Financial Action Process Push (FATF), the worldwide watchdog for terror funding and money laundering, stated that the Imran Khan government has not used enough to fully apply a UN Security Authorities resolution against 26/11 Mumbai terror assault mastermind Hafiz Saeed along with other UN-specified terrorists, as well as clothes like Jaish-e-Mohammed and also the Lashkar-e-Taiba.
In the 228-page report, called “Mutual Analysis Record 2019”, the watchdog said that Islamabad has not complied with four in the complete 40 parameters to examine, identify and understand funds-laundering and terror-funding dangers associated with terror teams operating in and from the land.
The record comes a week ahead of the FATF announces its choice to remove or keep Pakistan in the ‘grey list’. The record would offer a basis for the FATF to create its selection in an approaching Paris reaching timetabled for October 13-18, trying to keep in view Pakistan’s conformity using the guidelines it experienced set earlier.
In August this year, the FATF’s Asia-Pacific Team put Pakistan in the Enhanced Expedited Follow Up Listing (Blacklist) after it found the nation non-compliant on 32 in the 40 conformity parameters of terror funding and money laundering.
The report published on Saturday also stressed out on the country’s some weakness related to policy, control and chance supervision preventive measures legitimate individuals and preparations monetary intelligence money-laundering (ML) investigations and prosecution confiscation terror-credit (TF) investigations and criminal prosecution TF preventive measures and monetary sanctions proliferation-funding (PF) monetary sanctions.
The FATF review had put Pakistan into grey listing in June 2018 and had offered 27 action strategies till September 2019 to conform for arriving right out of the grey list.
This upcoming overview of the FATF meeting in Paris will choose the fate of the country with three options — excluding it from grey and put into green list, continuing it into grey list with extended duration of nine to twelve months and thirdly in worst case situation putting the nation into blacklist, possessing serious consequences for your country’s economy.