Sunday 18 February 2018

Pakistan may enter terror financing list: 10 ways its economy will bleed

Hafiz Saeed

Amid its apparent failure to withdraw support and funding to proscribed terrorist organisations, Pakistan will now have to contend with some more scrutiny – from the Financial Action Task Force (FATF).

FATF, which began its week-long plenary meeting on Sunday in Paris, will take a call on a proposal to put Pakistan back on the "grey list" of countries that have failed to put a stop to terror financing.
As reported earlier this week quoting a senior Pakistani official, the US has pushed a motion to place Pakistan on anti-money-laundering monitoring group FATF’s global terrorist-financing watchlist. Islamabad, for its part, has been scrambling for the past few months to prevent its addition to the list of countries deemed non-compliant with terrorist financing regulations of FATF – a measure that officials fear could hurt Pakistan's economy as well.

No comments:

Post a Comment