FATF to evaluate anti-money laundering systems tomorrow

Paris, April 20 : Weeks after Pakistan sentenced the 26/11 Lashkar-e-Taiba chief Hafiz Saeed, the Ministers of the Financial Action will be holding its meeting to assess its memberss more frequently to assist them in tackling money-laundering and combating terrorist financing. According to the FATF statement, the ministers will be meeting to discuss the role of the FATF in taking action against money laundering, terrorist and proliferation financing, crimes that impact the society and threaten global security. The 37 member countries and 2 regional organisations will also agree on the FATF’s future strategic direction. On April 8, Pakistan’s Anti-Terrorism Court sentenced Mumbai terror attack mastermind and Lashkar-e-Taiba chief Hafiz Mohammad Saeed to 31 years imprisonment in two separate cases. Pakistan has been under immense international and internal pressure to prove to the world that it is acting against terrorist groups operating out of its territory. Besides, it also fears being black-listed by the Financial Action Task Force, the global watchdog for terror funding and money laundering related issues. Since 2018, Pakistan had remained on the “grey list”. RNJ