*ISLAMABAD: *Pakistan on Tuesday decided to upgrade its systems at borderposts and ensure better coordination among its agencies to address theFinancial Action Task Force’s concerns regarding smuggling of currency byterrorist groups operating along the border with Afghanistan.
The decisions to ensure effective implementation of the currency regulationregimes and plug administrative lacunas were taken during a meeting held inQ-Block – the seat of the Finance Ministry.
The cross-border movement of currency by the UN-designated groups like theHaqqani network, Taliban and criminals were among the four key areas ofconcerns that became the base for placing Pakistan on the grey listmaintained by the FATF.
The monitoring report by the International Cooperation Review Group of theAsia Pacific Group listed the cross-border smuggling of the currency as oneof four key areas of concerns. The report stated that “terrorist groupsoperating in Pakistan are able to continue financing themselves with littledifficulty”.
However, Pakistan denies the allegations.
The country is supposed to deliver on four actions between January toSeptember 2019 to address concerns regarding cross-border currencysmuggling.