FATF Pressure Ascends On Pakistan After A 57% Rise In Suspicious Transactions In 2018

Pakistan News

Financial Action Task Force (FATF) pressure continues to mount on Pakistan pertaining to their 8707 suspicious transactions in 2018. 

Written By Aishwaria Sonavane | Mumbai | Updated On:

Financial Action Task Force (FATF) pressure continues to mount on Pakistan pertaining to their 8707 suspicious transactions in 2018. 

While the Paris-based FATF meetings were in progress from February 18-22, the Imran Khan government with global persuasion by India of state-sponsored terrorism announced a ban on Amat-ud-Dawa (JuD) and Falah-e-Insanyat Foundation (FIF) 

With a 57% growth in Pakistan's transactions in 2018, the FATF pulled up Pakistan for not taking adequate actions concerning terror funding in its country, and has decided to keep them on the 'Grey list' for the time being. 

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Following a one-week meeting in Paris, the organization has lashed out at Pakistan for making limited progress to its promise that funding of terror will be curtailed, and demanded Imran Khan and his government to do more in order to provide results in terms of capping terror funding.

Further, the FATF has said that Pakistan needs to strengthen its risk supervision and accused them of not showing adequate understanding of the threat of terror financing by outfits like LeT, JeM, FIF, and Da-Esh.

India had been strongly demanding Pakistan to be blacklisted over terror funding in the aftermath of the Pulwama terrorist attack - orchestrated by Pakistan backed JeM - in which 40 CRPF jawans were martyred.

Since the attack, a host of countries have come together and expressed solidarity with India while making efforts to make sure that the JeM's chief Masood Azhar is designated as a 'global terrorist'. The likes of France, US, UK, Russia said that they would take up this matter at the United Nations Security Council (UNSC).

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Even the UNSC issued a statement mentioning Pakistan-based JeM as the culprit for the Pulwama terror attack while demanding member nations to support India in its fight against terrorism.

With global pressure mounting, Pakistan remained defiant in its stance that terrorism is not in its soil, and instead employed a cheap trick to tackle the criticism it is facing. 

Amid the ongoing meeting of the FATF, Pakistan put a sham ban on 26/11 Mumbai attack mastermind Hafiz Saeed's terror groups Jamaat-u-Dawah (JuD) and Falah-e-Insaniat Foundation (FIF).

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