Pakistan reviewed its new draft action plan for submission to organisations, working on curbing money laundering and terror financing, to avoid being placed on the blacklist of countries that financially aid terrorism if its action plan is rejected by the task force.
As reported by the Express Tribune on Wednesday, the action plan was reviewed just two days before the filing of comments to the observations raised by the Asia Pacific Group (APG) on Money Laundering.
APG has reported that Pakistan is highly likely to be involved in money laundering and financing terrorist activities.
Pakistan had been earlier directed to submit an action plan for review by the Financial Action Task Force, in a meeting chaired by Finance Minister Dr Shamshad Akhtar.
The new plan revolves around four key areas of concerns, including improving supervisions of the AML and the CTF, curbing the illicit cross-border movement of currency through Chaman and Torkham, improving prosecution in AML and CTF cases, and ensuring enforcement of United Nations Security Council resolutions.
Asia Pacific Group had expressed dissatisfaction over progress undertaken by Pakistan on the issues of actions against proscribed organisations such as Lashkar-e-Taiba (LeT), Jamaatud Dawa (JuD) and Falah-e-Insaniat Foundation.
Further, Pakistan is not taking up actions on the Haqqani network prevalent in Afghanistan which is alleged to be involved in multiple terror attacks as per the APG report.
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