*ISLAMABAD: *Pakistan on Tuesday decided to upgrade its systems at border posts and ensure better coordination among its agencies to address the Financial Action Task Force’s concerns regarding smuggling of currency by terrorist groups operating along the border with Afghanistan.
The decisions to ensure effective implementation of the currency regulation regimes and plug administrative lacunas were taken during a meeting held in Q-Block – the seat of the Finance Ministry.
The cross-border movement of currency by the UN-designated groups like the Haqqani network, Taliban and criminals were among the four key areas of concerns that became the base for placing Pakistan on the grey list maintained by the FATF .
The monitoring report by the International Cooperation Review Group of the Asia Pacific Group listed the cross-border smuggling of the currency as one of four key areas of concerns. The report stated that “terrorist groups operating in Pakistan are able to continue financing themselves with little difficulty”.
However, Pakistan denies the allegations.
The country is supposed to deliver on four actions between January to September 2019 to address concerns regarding cross-border currency smuggling.