ISLAMABAD -Pakistan faces a big setback over JuD Chief Hafiz Saeed case atthe FATF.
Islamabad has not taken sufficient measures to fully implement UNSCR 1267obligations against 26/11 mastermind Hafiz Saeed and other individualsassociated with LeT, JuD. The report, as claimed by the Asia Pacific Group(APG) of the Financial Action Task Force (FATF) has come as a major setbackfor Pakistan.
“Pakistan has not taken sufficient measures to fully implement UNSCR 1267obligations against all listed individuals and entities – especially thoseassociated with Lashkar-eTayyiba (LeT)/Jamaat-ud-Dawa (JuD), andFalah-i-Insaniat Foundation (FIF) as well as the groups’,” the report read.
“Pakistan should adequately identify, assess and understand its ML (MoneyLaundering)/TF (Terror Financing) risks including transnational risks andrisks associated with terrorist groups operating in Pakistan such asDa’esh, AQ, JuD, FiF, LeT, JeM, HQN, and this should be used to implement acomprehensive and coordinated risk-based approach to combating ML and TF,”it states.
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In its latest report titled Mutual Evaluation Report of Pakistan, the APGhas asked the country to “identify, assess and understand” its moneylaundering or terror financing risks, including the risks associated withterrorist groups operating in Pakistan such as Da’esh, al-Qaeda,Jama’at-ud-Da’wa (JuD), Jaish-e-Mohammed (JeM).
It may be recalled that Islamabad was placed by the international moneylaundering watchdog on its “grey list” in June 2018.
