Pakistan fails to fulfil 6 key mandates of FATF

New Delhi, October 18

Pakistan’s failure to fulfil six key obligations of the FATF, including action against two of India’s most wanted terrorists Maulana Masood Azhar and Hafiz Saeed, and the sudden disappearance of more than 4,000 terrorists from its official list will most likely lead to its continuation in the “grey list” of the global money laundering and terrorist financing watchdog, officials said on Sunday.

The virtual plenary of the Financial Action Task Force (FATF), to be held on October 21-23, will take the final call on Pakistan’s continuation on its grey list after a thorough review of Islamabad’s performance in fulfilling the global commitments and standards in the fight against money laundering and terror financing.

The FATF had given Pakistan a total of 27 action plan obligations for completely checking terror financing of which so far it has cleared 21, but has failed in some of the key tasks, an official privy to the developments said.

The mandates which Pakistan has failed include action against all UN-designated terrorists like JeM chief Azhar, LeT founder Seed and the outfit’s operational commander Zakiur Rehman Lakhvi.

Besides, the FATF has strongly noted the fact that there was sudden disappearance of the names of more than 4,000 terrorists from its original list of 7,600 under Schedule IV of its Anti-Terrorism Act.

“Under these circumstances, it is almost certain that Pakistan will continue in the FATF grey list,” the official said.

Besides, the four nominating countries — the US, Britain, France and Germany — are also not satisfied with Islamabad’s commitment to taking strong action against the terror groups operating from its soil.

Azhar, Saeed and Lakhvi are most wanted terrorists in India for their involvement in terrorist acts, including the 26/11 Mumbai terror strikes and the bombing of a CRPF bus at Pulwama last year.

With Pakistan’s continuation in the grey list, it is increasingly becoming difficult for Islamabad to get financial aid from the International Monetary Fund, World Bank, Asian Development Bank and the European Union. — PTI

Likely to remain on grey list

• The FATF’s virtual plenary on Oct 21-23 will take the final call on Pak’s continuation on its grey list after reviewing its performance in fulfilling commitments in fight against terror financing
• To avoid the blacklist, Pak needs support of three countries. China, Turkey and Malaysia are its supporters
• Four nominating countries — US, UK, France and Germany — are also not satisfied with Islamabad’s commitment to taking action against terror groups

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