WASHINGTON: The US has urged Pakistan to proceed working with the FATF to “swiftly full” its 27-point motion plan by demonstrating that terrorism financing probes and prosecutions goal senior leaders and commanders of the UN-designated terror teams.
At its digital plenary assembly final month, the Paris-based Monetary Motion Process Power (FATF) retained Pakistan on its ‘gray listing’ for failing to verify cash laundering, resulting in terror financing.
It requested Pakistan to analyze and prosecute UN-designated terrorists based mostly within the nation like Jaish-e-Mohammad (JeM) chief Masood Azhar and Lashkar-e-Taiba (LeT) founder Hafiz Saeed.
The worldwide physique towards cash laundering and terror financing additionally requested Pakistan to work to handle its strategically vital deficiencies.
At his each day information convention on Monday, State Division spokesperson Ned Worth stated whereas Pakistan had made progress on its first motion plan of the FATF, it wanted to work on its second motion plan.
“We do recognise and we assist Pakistan’s continued efforts to fulfill these (first motion plan) obligations. Pakistan has made important progress on its first motion plan with 26 of 27 motion objects largely addressed,” Worth stated.
“We encourage Pakistan to proceed working with the FATF and the worldwide group to swiftly full the remaining motion merchandise by demonstrating that terrorism financing, investigations and prosecutions goal senior leaders and commanders of UN-designated teams,” he stated.
The UN-designated terrorists based mostly in Pakistan embody Jaish-e-Mohammed (JeM) chief Azhar, Lashkar-e-Taiba (LeT) founder Saeed and its ‘operational commander’ Zakiur Rehman Lakhvi.
Azhar, Saeed and Lakhvi are probably the most wished terrorists in India for his or her involvement in quite a few terrorist acts, together with the 26/11 Mumbai terror assaults and the bombing of a CRPF bus in Jammu and Kashmir’s Pulwama district in 2019.
Worth additionally stated the US encourages Pakistan to expeditiously work on its new second motion plan.
Pakistan was positioned on the gray listing in June 2018 and Islamabad was requested to implement a plan of motion to curb cash laundering and terror financing by the top of 2019 however the deadline was prolonged afterward because of the COVID-19 pandemic.
Pakistan has been scrambling in current months to keep away from being added to a listing of nations deemed non-compliant with anti-money laundering and terrorist financing rules by the worldwide watchdog, a measure that officers in Islamabad concern may additional harm its economic system.
With Pakistan’s continuation on the ‘gray listing’, it’s more and more turning into tough for the nation to get monetary assist from the Worldwide Financial Fund, World Financial institution, Asian Growth Financial institution and the European Union at a time when it faces a precarious monetary scenario.
Islamabad has managed to keep away from the ‘black listing’, for which it wants the assist of three nations.
China, Turkey and Malaysia have been its constant supporters.
The FATF is an inter-governmental physique established in 1989 to fight cash laundering, terrorist financing and different associated threats to the integrity of the worldwide monetary system.