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Global terror financing watchdog condemns Pulwama attack, chides Pakistan on terror-curb efforts

Global terror financing watchdog condemns Pulwama attack, chides Pakistan on terror-curb efforts

India Blooms News Service | @indiablooms | 22 Feb 2019, 02:19 pm

Paris, Feb 22 (IBNS): Global terror financing watchdog Financial Action Task Force (FATF) has expressed "grave concern" and condemned the February 14 terror attack in Jammu and Kashmir's Puwama district that killed 40 Indian soldiers.

At end of the 38-member FATF's plenary meeting here, the FATF said such attacks "cannot occur without money and the means to move funds between terrorist supporters".

"(Pakistan)... does not demonstrate a proper understanding of the TF risks posed by Da’esh, AQ, JuD, FiF, LeT, JeM, HQN, and persons affiliated with the Taliban," the FATF said.

"Pakistan should continue to work on implementing its action plan to address its strategic deficiencies...Given the limited progress on action plan items due in January 2019, the FATF urges Pakistan to swiftly complete its action plan, particularly those with timelines of May 2019," it said.

FATF could blacklist Pakistan if it does not meet its targets by October, says NDTV, adding it was placed on the "grey list" last June.

Being in FATF blacklist indicates the country concerned is "non-cooperative" in the global fight against money laundering and terrorist financing. A FATF blacklisting could leads to downgrading of the country by the likes of International Monetary Fund, World Bank, Asian Development Bank and European Union, NDTV added.