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Banned Outfits To Be Considered As High Risk To Meet FATF Terms

The government plans to upgrade a group of banned outfits to ‘high risk’ in order to comply with the requirement of the Financial Action Task Force (FATF).

The government will start to monitor and re-examine the banned outfits’ activities and profiles under heightened security checks at all layers of legal, administrative, investigative and financial regimes.

The global watchdog against financial crimes was dissatisfied with Pakistan’s earlier effort of considering these entities as low to medium risk.

It had said: “Pakistan did not demonstrate a proper understanding of the terror financing risks posed by Daesh, AQ (al Qaeda), Jud (Jamaatud Dawa), FIF (Falah-i-Insaniat Foundation), LeT (Lashkar-e-Taiba), JeM (Jaish-e-Mohammad), HQN (Haqqani Network), and persons affiliated with the Taliban”.

An official told Dawn, In a meeting led by Finance Secretary Arif Ahmed Khan over compliance with FATF terms, it was decided that all these entities would be scrutinised more by all agencies and institutions of the state, starting from their registration to operations and from their fund collection to bank accounts and issuance of suspicious transactions, information sharing and so on.

In order to comply with the FATF terms, Pakistan will have to show that the authorities are identifying and taking action against illegal transfer of money for terror-related activities. The country will also have to prove that provincial governments and the federal government are on the same page when it comes to combating terrorism.

Moreover, the country will have to demonstrate that there is an effective implementation of terror sanctions by enhancing the capacity and support for prosecutors and the judiciary.

Journalist Ifitkhar Firdous shared that the government has added 41 JeM members to the Fourth Schedule in Khyber Pakhtunkhwa. The list already includes 404 members from various banned outfits, the majority being the TTP.

He also said that the government has already taken charge of 23 Madrassahs and is expected to take charge of more.

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