Pakistan has failed to take sufficient measures against 2611 mastermind Hafiz Saeed: FATF

After examining Pakistan progress record on curbing the money flow to terrorist and terrorist organizations, FATF said that Pakistan must, “Identify, assess and understand its money laundering, terror financing risks, including transnational risks and risks associated with terrorist groups” operating from its soil.

The FAFT statement is a part of a report published by its regional body, the Asia Pacific Group (APG). Reports say Islamabad has largely but partially complied with 36 of the 40 parameters set by FATF at the time when the country was included in grey list.

“With the exception of some recent actions discussed in detail below, Pakistan has not taken sufficient measures to fully implement UNSCR 1267 obligations against all listed individuals and entities – especially those associated with Lashkar-e-Tayyiba (LeT)/Jamaat-ud-Dawa (JuD), and Falah-i-Insaniat Foundation (FIF) as well as the groups’ leader Hafiz Saeed,” the report states.

The report question decisions taken by the Pakistani establishment without taking them to their logical conclusion. Such as, “On February 2018, Pakistan passed the Anti-Terrorism (Amendment) Ordinance 2018, which amended the ATA to automatically proscribe individuals and entities listed at the United Nations. Immediately, following the adoption of this amendment, Pakistan seized numerous articles of property belonging to JuD/FIF, after minimal actions had been taken prior to this point.”

The report strengthens India’s case for the FATF plenary next week in Paris. October 13-18 meeting will consider the findings of the mutual evaluation report on Pakistan on money laundering.