With Pakistan facing tough scrutiny ahead of Financial Action Task Force (FATF) plenary, India is planning to further step up the pressure by giving evidence of Islamabad reactivating terror infrastructure along the line of control (LoC). Sources in the government said, they have got enough evidence of Pakistan reviving terror infrastructure, including launching pads across the LoC that it is planning to place before the FATF plenary to nail Pakistan and put it in the blacklist.
"Pakistan is already on a sticky wicket in the FATF that has sounded that it has done precious little to rein in individual terrorists and terror groups. We want to expose Pakistan's double speak further by giving further evidence," said sources.
This could spell serious trouble for Pakistan as the FATF has already concluded ahead of the plenary session to be held in Paris from October 13 to 18 that it "has not taken sufficient measures to fully implement UNSCR 1267 obligations against all listed individuals and entities - especially those associated with Lashkar-eTayyiba (LeT), Jamaat-ud-Dawa (JuD), and Falah-i-Insaniat Foundation (FIF) as well as the groups."
"Pakistan should adequately identify, assess and understand its ML (Money Laundering), TF (Terror Financing) risks including transnational risks and risks associated with terrorist groups operating in Pakistan such as Da'esh, AQ, JuD, FiF, LeT, JeM, HQN, and this should be used to implement a comprehensive and coordinated risk-based approach to combating ML and TF," FATF's report advised.
Though Pakistan contested claiming it has done enough by seizing over 700 properties belonging to the LeT, JuD, FIF and JeM but India and other FATF members have pointed out that seizures do not necessarily indicate compliance, especially when its anti-terror law still falls short of FATF recommendations.
Asserting that Pakistan was fully compliant with only one of 40 recommendations on curbing money laundering and terror-financing in the country, the FATF report disagreed with Pakistan's self-assessment that it only faces "medium" category risks. It stated that national regulators like State Bank of Pakistan and Securities and Exchange Commission of Pakistan had very limited understating of money laundering and terror financing.
"Competent authorities have varying levels of understanding of the country's money laundering and terror financing risks, and the private sector has a mixed understanding of risks," the report said. Meanwhile, irked by recent remarks of defence minister Rajnath Singh that the FATF can any time blacklist the neighbouring country, Pakistan on Monday blamed India for attempting to politicise the proceedings of FATF.
THE REACTION ::
INDIA’S ATTEMPTS TO POLITICISE PROCEEDINGS, SAYS PAK
- Pak’s Foreign Office said remarks of India’s defence minister “reinforces Pak’s concerns, repeatedly highlighted to FATF membership, about India’s attempts to politicise proceedings to further its narrow, partisan objectives.”
- Pakistan was placed on the grey list by the FATF in June last year and was given a plan of action to complete by October 2019 or face the risk of being on the black list