Saturday, March 6, 2021

Featured News

Pakistan Must Act Against Hafiz Saeed Led Jamaat-ud Dawa To Evade FATF Blacklist – APG

The Asia Pacific Group (APG) has conveyed to Pakistan that an evaluation of its actions against eight banned terror groups, including Lashkar-e-Tayyaba (LeT) and Jaish-e-Muhammad (JeM), Hafiz Saeed led Jamaat-ud Dawa after it was grey-listed by the Financial Action Task Force (FATF) for terror financing has found that its compliance on 18 of 27 action plans was inadequate.

Kashmiri Muslims Responsible for Exodus of Pandits; Not Jagmohan: Top Kashmiri Journalist

In its assessment report, sources told The Indian Express, APG categorically demanded harsh actionable steps by PakiIslamabad stan against ISIS, Al Qaeda, Jamaat-ud Dawa, Falah-i-Insaniyat Foundation, Lashkar-e-Tayyaba, Jaish-e-Muhammad, Haqqani Network, and persons affiliated with the Taliban.

The report, sources said, essentially asks Pakistan to do more until September when the FATF Action Plan is concluded for a final assessment.

The report which was shared last week with Pakistan is based on last month’s APG Joint Group meeting in Guangzhou where Pakistan presented its case and provided details of all the actions it had taken in compliance with FATF directions. India’s Financial Intelligence Unit (FIU) Director General was a co-chair at the APG meeting despite Pakistan’s demand for India’s removal from the group while its case was being considered.

While Pakistan will submit its reply to the FATF, it leaves Pakistan with a real danger of being downgraded to the blacklist on terror financing in the upcoming FATF plenary meeting. FATF’s Plenary and Working Group meetings are scheduled to be held in Orlando from June 16 to 21, where such a proposal could be moved.

Pakistan requires votes of at least 15 of FATF’s 36 voting members to move out of the greylist, sources said, and a minimum of three votes to prevent itself from being blacklisted. The FATF plenary meeting at Orlando will decide Pakistan’s future listing even though a formal announcement will only be made at the next FATF plenary scheduled in Paris from October 18 to 23, sources said.

The assessment report assumes significance as FATF had issued a statement in February which stated: “Given the limited progress on action plan items due in January 2019, the FATF urges Pakistan to swiftly complete its action plan, particularly those with timelines of May 2019.”

Besides the economic consequences of being placed on a blacklist, Pakistan has been negotiating a $6-billion loan from IMF to bail it out from low foreign exchange reserves which also seems to be under threat due to the IMF listing. An IMF press release had asked Pakistan to show commitment against money laundering and terror financing, meaning thereby that FATF clearance is mandatory to qualify for the loan programme.

Pakistan was placed on FATF’s grey list for terror financing in June 2018, on a proposal moved by the US, UK, Germany and France. FATF is the global watchdog on anti-money laundering and combating financing terror.

Featured News

Why Did Indian Army Select Prithvi Missiles To Strike Pakistan After The Deadly 2019 Aerial Skirmish?

India's Modi government had reportedly ordered the army to deploy homegrown Prithvi ballistic missiles in the Rajasthan sector bordering Pakistan when Indian Air Force...

India’s Ambitious AK-203 Manufacturing Deal With Kalashnikov Is Hanging Fire

India’s plan to indigenously manufacture AK-203 modern assault rifles is hanging fire, and the government has no answer as to when exactly the production...

Why Did Indian Air Force Opt For Chinook Heavy-Lift Helicopters While Key Ally Israel Overlooked Them?

Israel has decided to acquire Lockheed Martin's CH-53K King Stallion over Boeing's CH-47 Chinook heavy-lift helicopters. In the light of this move, one might...

Can Iran Dominate Middle-East Airspace With Indigenous Version Of MQ-9 Reaper Drones?

Has Iran launched its own version of the US' MQ-9 Reaper drone? The Middle-Eastern nation has unveiled its new Kaman-22 drone, which is said...

Indian Army Provides Combat Training To Turkmenistan Special Forces: Watch Now

The Special Forces of Turkmenistan began a joint combat training exercise with the Indian Army at Nahan, Himachal Pradesh, on Thursday. The Indian Army...