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Pak's efforts to act against terror groups, money laundering questioned at APG meet in China

Press Trust of India  |  Islamabad 

Pakistan's seriousness to act against proscribed terror outfits and its efforts to curb and terror financing were questioned by members of a regional affiliate of the (FATF) at a meeting held in China, according to a media report.

A 10-member delegation, led by Dagha, attended the two-day meeting of the Asia-Pacific Group (APG) of the Paris-based FATF in the southern Chinese city of where it defended Pakistan's efforts against and terror financing.

According to a Dawn report, some participants, particularly those from India, raised very tough questions about Pakistan's seriousness to act against proscribed organisations and effectiveness of internal controls.

On May 3, said will ask the FATF to put on a blacklist of countries that fail to meet international standards in stopping financial

The APG will submit to the FATF its analysis of the compliance report submitted by at the meeting, which concluded yesterday, and the progress made since the group's on-site inspection in and in March, the report said.

The APG report will become the basis for the FATF to decide whether to exclude from its grey list or not.

The delegation briefed the meeting about Pakistan's updated actions against currency smuggling, proscribed organisations and tightening of and operational effectiveness, the report said.

Giving examples of the measures taken by it, Pakistan cited arrests of key operatives of some proscribed outfits, putting more such groups and their affiliates in the list of banned outfits, blocking their accounts and financial flows and taking control of their assets.

In March, bowing down to international pressure, Pakistan launched a major crackdown on Jaish-e-Mohammad, Jamat-ud-Dawa, and other banned outfits and took over the control of their assets throughout the country.

The Pakistan delegation said the country was very close to accomplish the milestones set under the FATF action plan well before the September deadline.

It also said the government recently revised its national risk assessment of the corporate sector, strengthened customs procedures on borders and inland movement of funds and assets.

Besides, internal control of the and non-financial institutions, companies and stock exchanges has been strengthened to curb the possibility of and terror financing.

The delegation cited the creation of a specialised directorate of (CBCM) in to maintain a database of

The APG had earlier flashed contradictory situations and poor coordination among stakeholders, including law enforcement agencies, in fighting money laundering and terror financing in Pakistan.

Last month, it expressed serious reservations over insufficient physical actions on ground against proscribed organisations to block flow of funds and activities.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, May 17 2019. 16:06 IST
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