Friday, 21 July 2017

Terrorists Still Raising Funds In Pakistan

No comments :

Terrorists still raising funds in Pakistan: US report

A State Department report warned that Pakistan could have trouble not keeping its armed forces from financing in the United States.

The report, "National Report on Terrorism, 2016," acknowledged Pakistan as an "important anti-terrorism partner," but also mentioned among countries that provide a safe haven for terrorists.

The State Department sent the report to Congress on Wednesday as part of its annual assessment of global terrorism.

Documents commissioned by the parliament are blaming Islamabad for failing to prevent cross-border attacks, although violent terrorist attacks in Pakistan are shrinking.

In a separate chapter on money laundering, the report noted that Pakistan is a member of the Asia Pacific group on Money Laundering, a local organization modeled on the Financial Action Task Force (FATF).

FATF is an intergovernmental organization established in 1989 and is developing anti-money laundering policies. In 2001, it expanded the mandate to act on terror funding.

The FATF and its affiliates monitor the progress of the countries that implement the recommendations through the mutual assessment of the member countries and call it a peer review.

Pakistan is criminalizing terrorist financing known as the Anti-Terrorism Act. However, the lack of resources and capabilities within the investigative and judicial bodies pointed to the fact that there were not many prosecutions or convictions for terrorist financing cases reported to Pakistan in recent years.

According to the report, the FATF in 2015 excluded Pakistan from the review due to progress in terrorist financing. However, if the reviewing country fails to satisfy the Member State, it can be declared as a facilitator of terrorist financing.

The report said that the FATF in October 2016 "did not resolve the significant differences between Pakistan's UN Security Council ISIL (armed forces) and the al Qaeda sanctions regime, and the Lashkar-e-Taiba (LeT) Have not been effectively prevented from raising funds in Pakistan.

Despite Pakistan's CFT laws, "LeT and its wing continue to use economic resources and raise money from the country in 2016. Pakistan's media ban prohibits LeT from collecting donations The ability to do so has not diminished ".

From March 2015 to March 2016, however, Pakistan froze several bank accounts operated by various terrorist groups and "other limited efforts" to prevent fundraising from LeT and its affiliates.

The report acknowledges that the National Action Plan for Pakistan's war on terrorism includes efforts to prevent and respond to terrorist financing, including strengthening interagency coordination of the CFT.

Pakistan's National Terrorists Financing Investigation Cell, run by the Federal Board of Revenue, the State Bank of Pakistan and intelligence agencies, tracks financial transactions between domestic and international banking systems. I will. Nacta also works with relevant agencies to respond to terrorist financing and terrorist financing.

The 2010 anti-money laundering legislation requires that unauthorized hundi and hawala systems be used as criminals, and that banks should report suspicious transactions to the State Bank's Financial Monitoring Unit I ask. However, the report complains that unlicensed hawala operators in Pakistan are illegal, but the illegal remuneration system is maintained throughout the country.

No comments :

Post a comment