Condemn Pulwama attack, Pakistan failed to curb terror financing: FATFhttps://indianexpress.com/article/pakistan/pakistan-fatf-terror-funding-finances-terror-outfits-pulwama-attack-5596657/

Condemn Pulwama attack, Pakistan failed to curb terror financing: FATF

The global terror financing watchdog's remarks came at its plenary meeting in Paris in the backdrop of deadly Pulwama terror attack. Forty security personnel were killed in the attack claimed by Pakistan-based JeM on February 14.

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Expressing grave concern over the Pulwama attack, international terror financing watchdog FATF on Friday said that Pakistan has failed to demonstrate a proper understanding of the terror financing risks posed by the outfits such as Lashkar-e-Taiba (LeT), Jaish-e-Mohammad (JeM), Jamat-ud-Dawa (JuD) and Al-Qaida. The global watchdog has also decided to continue the ‘Gray’ listing of Pakistan for its failure to stop funding of such terrorist groups.

“Pakistan has revised its TF (terror financing) risk assessment. However, it does not demonstrate a proper understanding of the TF risks posed by Da’esh (ISIS), AL-Qaida, JuD (Jamat-ud-Dawa), FIF (Falah-e-Insaniat Foundation), LeT (Lashkar-e-Taiba), JeM (Jaish-e-Mohammad), HQN (Haqqani Network) and persons affiliated with the Taliban,” the statement by the Financial Action Task Force said.

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After a meeting held in Paris, the global watchdog said: “The FATF notes with grave concern and condemns the violent terrorist attack last week that killed at least 40 Indian security forces in Pulwama in the State of Jammu and Kashmir.”

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The Paris-headquartered FATF in a statement said that Pakistan should continue to work on implementing its action plan to address its strategic deficiencies.

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The FATF has urged Pakistan to swiftly complete its action plan (regarding crack down on terrorism), particularly those with timelines of May 2019. The compliance document will be again reviewed in June 2019.

In June 2018, Pakistan was placed in the ‘Gray’ list and given a 27-point action plan by the FATF. This Plan was reviewed as the last Plenary in October 2018 and for the second time in this week-long meeting.

After several rounds of deliberations in this meeting, India submitted new information of Pak-based groups — including JeM, responsible for the Pulwama attack — following which the decision to continue ‘Gray’ listing of Pakistan was taken. This means, downgrading of the country by multilateral lenders like IMF, World Bank, ADB, EU and also a reduction in risk rating by Moody’s, S&P and Fitch, a security official was quoted as saying by PTI.

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On Thursday night, the United Nations Security Council (UNSC) had strongly condemned the Pulwama attack. However, signalling a clear shift, China signed off on a UNSC statement that “condemned in the strongest terms” the Pulwama terror attack and named Pakistan-based JeM for the “heinous and cowardly suicide bombing”.

On February 14, 40 CRPF jawans were killed when a JeM terrorist rammed an explosives-laden truck into a convoy of buses carrying security personnel.

-With PTI inputs