Business Standard

Pakistan, terror funds and Kashmir

Global sanctions against Pakistan for not doing enough to curb terror financing will not deliver any relief to India

Illustration by Binay Sinha

Illustration by Binay Sinha

Aakar Patel
On June 21, the Financial Action Task Force (FATF) listed Pakistan among the “jurisdictions with strategic deficiencies” in addressing money laundering and financing of terrorism. The others were Bahamas, Botswana, Cambodia, Ethiopia, Ghana, Panama, Sri Lanka, Syria, Trinidad and Tobago, Tunisia and Yemen. The FATF, headquartered in Paris, was founded three decades ago to look at money laundering, and after the 9/11 attacks also began looking at terror financing.
The strategic deficiencies observed by the FATF are mostly concerned with Pakistan’s ability to implement an action plan it has itself put together. Most of this has to do with
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of or the Business Standard newspaper

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First Published: Jun 28 2019 | 12:37 AM IST

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