New Delhi, Feb 27, 2017: The Financial Action Task Force (FATF) has partially put Pakistan on a 90 days notice to determine that it has blocked financial routes of terror operative groups Jamaat-ud-Dawa, Jaish-e-Mohammed and their affiliates.
If Pakistan fails to demonstrate, the country will be placed in the category of jurisdictions with serious deficiencies in observing to global standards on combating terror finance and check money-laundering.
The FATF has a process of issuing public statements on countries with deficiencies, making them ‘untrustworthy’, almost a virtual ‘no go’ in the international financial system.
Pakistan has had to rally hard to even get these three months of breathing space at the just-concluded FATF meet in Paris. The actions against JuD, JeM and its front Falah-i-Insaaniyat, in January last week were a start to a series of efforts to convince the FATF that it was serious in its actions.
This ends up in putting JuD chief Hafiz Mohammed Saeed on a travel ban list and in house arrest by January 31.