Pakistan Is Afraid Of Going To FATF Black List, 88 Terrorists Banned

Pakistan is afraid of going to the FATF blacklist, 88 terrorists banned. Pakistan, on Friday, banned 88 terrorists, who were facing the threat of going to the Blacklist of the Financial Action Task Force (FATF) due to the raising of terrorists. These terrorists belong to various organizations including IS, Al Qaeda, Taliban.

This decision was taken in a meeting chaired by Prime Minister Imran Khan. The next general meeting of the FATF is to be held in October, which will consider the future of Pakistan lying in the gray list. Economic organizations and multinational organizations take note of the recommendation of the FATF, which monitors terrorism and organized crime, countries are very cautious in lending and investing.

The FATF recommendation is of considerable importance to Pakistan, which is economically crisp. That is why it is taking steps to control terrorist organizations according to their 27-point guideline. The terrorists whom Pakistan has banned this time include those declared by the United Nations.

All these assets have been confiscated and transactions with bank accounts have been stopped. The names of the terrorists against whom Pakistan has taken action have not been made public but among the declared global terrorists are Hafiz Saeed, the leader of Lashkar-e-Taiba, and Masood Azhar, the leader of Jaish-e-Muhammad. Both of them are wanted for many incidents in India. It is likely that these two may have come under Pakistan’s action.

Four bills related to FATF passed from the lower house

The lower house of the Pakistani Parliament on Wednesday passed four bills related to it, in line with the stringent conditions laid down by the Financial Action Task Force (FATF), an organization that monitors global money launching and terrorist financing. These bills have been passed after a consensus was reached between the government and the opposition in this regard.

These new bills are being passed by Pakistan so that with the help of them, it can move from the gray list of FATF to the white list. The FATF had asked Pakistan to implement the action plan by the end of 2019 after putting Pakistan on the gray list in June 2018, but due to the Kovid-19 pandemic, it was given a time extension.