UPSC Courses

DNA banner


  • 29 June, 2020

  • 10 Min Read

Brief reprieve: On Pakistan and the terror financing watchdog

Brief reprieve: On Pakistan and the terror financing watchdog


# According to reports in Pakistan and India, the Financial Action Task Force, the global watchdog group, has decided to grant Pakistan and other countries on its watch list a three-month extension on fulfilling commitments, in view of the pandemic.

Pakistan’s status

# Pakistan was placed on the grey list or “increased monitoring” list in June 2018, and given time until October 2019, in order to complete a 27-point action plan on countering terror finance and anti-money laundering.

# Failing that, it would be put on the black list of “high-risk jurisdictions” facing severe financial sanctions.

# This means that in effect, Pakistan will have had at least one extra year to meet its deadlines, despite the fact that it has only completed about 14 points so far.

# The remainder is still a tall order, and includes improving mechanisms to curb terror financing, amending laws to curb ‘Hawala’ transactions and placing sanctions against cash couriers who facilitate terror groups, completing the prosecution of groups banned by the UNSC, and converting madrassas run by them into formal schools.

# Despite this being Pakistan’s third stint on the FATF watch list (prior occasions were in 2008 and 2012-2015), there is little evidence that it has yet internalised that message.

# In a U.S. report on terrorism released last week, Pakistan remains a “safe haven” for most UN proscribed groups.

# The report also adds that its steps to prosecute certain leaders of JeM and LeT are inadequate.

Steps taken by Pakistan

# In the past year, Pakistan has pursued indictments against LeT leaders, but not on serious charges, and even 26/11 mastermind Hafiz Saeed has only been convicted for “being part of a banned terrorist outfit” and for “having illegal property”.

# Meanwhile, LeT operations commanders Zaki Ur Rehman Lakhvi, Sajid Mir, and JeM chief Masood Azhar appear to be at large. Pakistan Prime Minister Imran Khan’s reference in its Parliament to al-Qaeda founder Osama Bin Laden as a “martyr” underlines the establishment’s attitude to these groups.

# Pakistan’s failed attempt to have the UNSC designate four Indians as terrorists last week — it was vetoed by the U.S. — speaks to its lack of credibility on the issue.

# Pakistan is counting on its role in facilitating the Afghanistan peace deal by pushing Taliban leaders to participate in order to mitigate its troubles at the FATF, and with support from countries keen to conclude the Afghan deal, may even ensure a few more extensions for its government.

# Eventually, given the rigorous FATF action plan, and the combined pressure of countries in the group, Pakistan would do well to realise that only clear and consistent actions would free it from the commitments at the FATF.

Source: TH

World bank logistic performance index 2023

World bank logistic performance index 2023 India is now ranked 38th out of 139 nations in the Logistic Performance Index (LPI) 2023 of the World Bank. From its previous rankings of 44th in 2018 and 54th in 2014, this is a notable improvement. Earlier, the Logistics Ease Across Different States (LEADS) Report 2022 was published by the Mini

Smuggling of Gold

Smuggling of Gold Airports discovered more than 63% of this illegal gold. The Department of Revenue Intelligence recently conducted the Golden Dawn Operation across India, seizing 101.7 kg of illegal gold valued at Rs 51 crore. Despite the fact that India receives a legal import of about 800-1,000 tonnes of gold each year, the illicit mar

India-Thailand Relations

India-Thailand Relations Both parties expressed satisfaction with the ongoing bilateral defence cooperation at the 8th India-Thailand Defence Dialogue, which was held in Bangkok, Thailand. Cultural ties and mutual cooperation that have been shaped by thousands of years of lasting historical and cultural ties characterise India and Thailand

Translocation of Elephants

Translocation of Elephants The Kerala government's appeal of the order of the Kerala High Court is rejected by the Supreme Court. The Kerala government's appeal against the Kerala High Court's directive to move Arikomban (Wild Elephant), the "rice tusker" of Munnar, to the Parambikulam tiger reserve was recently dismis

Global Buddhist Summit

Global Buddhist Summit In order to improve diplomatic and cultural ties with other nations, the Ministry of Culture recently organised the First Global Buddhist Summit 2023 in collaboration with the International Buddhist Confederation (IBC). About the summit "Responses to Contemporary Challenges: Philosophy to Praxis" is


Search By Date

Post Feed

Newsletter Subscription
SMS Alerts