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Pak In FATF
A dual-use equipment seized by India from a Pakistan-bound merchant vessel in 2020 is linked to Islamabad's National Development Complex that is involved in the country's missile development programme, a new report by the Financial Action Task Force (FATF) has said. India's seizure of the dual-use equipment used in developing missiles found mention in the report by the multilateral financial watchdog that highlighted vulnerabilities in the global financial system. The report listed the case under a section on the misuse of the maritime and shipping sectors including to transport a range of commodities, including dual-use equipment. "In 2020, Indian custom authorities seized an Asian-flagged ship bound for Pakistan. During an investigation, Indian authorities confirmed that documents mis-declared the shipment's dual-use items," the FATF report said. "Indian investigators certified the items for shipment to be 'Autoclaves', which are used for sensitive high energy materials and for .
India will make a strong case with FATF to revert Pakistan to its "grey list" for failure to comply with anti-money laundering and terror financing rules, a government source said. "We will be taking it up (with the FATF)," the source said when asked whether India will make a case with Financial Action Task Force (FATF) to place Pakistan in the grey list. Tensions between India and Pakistan have heightened following the terror attack in Pahalgam on April 22, which killed 26 civilians. India feels that Pakistan has failed to act on terror emanating from its territory and has been diverting funds from multilateral agencies to buy arms and ammunition. Countries which fail to address strategic deficiencies in their regimes to counter money laundering, terrorist financing, and proliferation financing, and are under increased monitoring, are placed in the grey list of FATF. When FATF places a jurisdiction under increased monitoring, it means the country has committed to resolving swiftl
Major terror attacks in Jammu and Kashmir declined after Pakistan was included in the Financial Action Task Force's (FATF) grey list, a senior Indian government official said here on Friday. The United Nations Security Council's Counter-Terrorism Committee should examine this correlation, said joint secretary Safi Rizvi. Making a presentation at a special meeting of the UNSC panel, which India is hosting, Rizvi, however, did not name Pakistan at any point. But he noted that after the chances of Pakistan getting delisted from the grey list increased, terrorist activities too increased. Jammu and Kashmir recorded five attacks on 'hard targets' -- well-defended places like government offices, military and police camps -- in 2014, eight attacks in 2015 and 15 in 2016. The number fell to eight in 2017 and declined further to three in 2018, Rizvi said. In 2019, there was a very big aberration in the form of the Pulwama attack while in 2020, no hard target was attacked, the official ...
The world should remain clear that Pakistan must continue to take "credible, verifiable and irreversible" action against terrorism, India said on Friday after anti-money laundering watchdog FATF removed the neighbouring country from its 'grey list'. The Paris-based Financial Action Task Force (FATF) took off Pakistan from a list of countries under increased monitoring, also known as the 'grey list'. "It is in global interest that the world remains clear that Pakistan must continue to take credible, verifiable, irreversible and sustained action against terrorism and terrorist financing emanating from territories under its control," External Affairs Ministry spokesperson Arindam Bagchi said. He was replying to media queries on the issue. "As a result of FATF scrutiny, Pakistan has been forced to take some action against well-known terrorists, including those involved in attacks against the entire international community in Mumbai on 26/11," Bagchi said. "We understand that Pakistan
After four years, Pakistan on Friday may exit the grey list of the global watchdog on terror financing and money laundering FATF, a development that will allow it to try to get foreign funding to tide over its precarious financial situation. Till June, Pakistan had completed most of the action items given to it 2018 by the Financial Action Task Force (FATF) and a few item which were left unfulfilled including its failure to take action against UN designated terrorists, including Jaish-e-Mohammed (JeM) chief Masood Azhar, Lashker-e-Taiba (LeT) founder Hafiz Saeed and his trusted aide and the group's 'operational commander' Zakiur Rehman Lakhvi. Azhar, Saeed and Lakhvi are most wanted terrorists in India for their involvement in numerous terrorist acts, including 26/11 Mumbai terror attacks and bombing of a CRPF bus at Pulwama in Jammu and Kashmir in 2019. Pakistan was put in the inglorious list in 2018 for its failure to check risk of money laundering, leading to corruption and terro
Pakistan is likely to exit the grey list of the Financial Action Task Force (FATF) this week after it was placed in the infamous category since 2018 for failing to check money laundering and terrorist financing, a media report said on Monday. Pakistan was included in the increased monitoring list in June 2018 for deficiencies in its legal, financial, regulatory, investigations, prosecution, judicial and non-government sector to fight money laundering and combat terror financing considered serious threat to global financial system, the Dawn newspaper reported. The Paris-based global watchdog on money laundering and terrorist financing said that the first FATF Plenary under the two-year Singapore Presidency of T. Raja Kumar will take place on October 20-21. Pakistan has made high-level political commitments to address these deficiencies under a 27-point action plan. But later the number of action points was enhanced to 34. The country had since been vigorously working with FATF and i
Pakistan has launched a massive diplomatic effort to get off the grey list of global money laundering and terrorist financing watchdog FATF, a media report said on Tuesday. Pakistan has been on the grey list of the Paris-based Financial Action Task Force (FATF) since June 2018 for failing to check money laundering, leading to terror financing, and was given a plan of action to complete it by October 2019. Since then, the country continues to be on that list due to its failure to comply with the FATF mandates. Pakistan needs the votes of Turkey, China, and Malaysia to get off the list, and all three countries have assured the Pakistani authorities of full support for the purpose, the News International reported. The decision on Pakistan's status on the list will be taken during the current meeting being held from June 14 to 17 in Berlin, Germany, official sources were quoted by The News International on Tuesday. According to sources, during the recent visits of Prime Minister Shehb