New Delhi: Pakistan is under pressure from global anti-terror watchdog Financial Action Task Force (FATF) to crack down on terror groups operating from within its borders, National Security Advisor Ajit Doval said today at a meeting of Anti-Terrorism Squad (ATS) chiefs in Delhi. The anti-terror agency, which had earlier warned Pakistan to curb terror-related money laundering activities, is currently meeting in Paris to decide whether to retain it in a list of countries with inadequate controls over terrorism financing.
“The biggest pressure on Pakistan comes from the functionaries of the FATF, which is meeting now,” Ajit Doval said in his speech, adding, “The proceedings of the FATF have created so much pressure that probably no other action could have done the same”.
Mr Doval also spoke about the need for states investigating terror cases to network with each other and share their findings to build a bank of “quotable and sustainable” evidence that could be presented to global agencies like the FATF.
“Pakistan has been using terrorism as the instrument of state policy. We all know Pakistan sponsors terrorism but in international forums we need evidence. Don’t destroy this evidence… you have plenty of it. Let the world know about it,” he said.
Last week the FATF told Pakistan it had failed to fully implement a UN Security Council resolution against Hafiz Saeed and other UN-designated terrorists, as well as outfits like Jaish-e-Mohammed and the Lashkar-e-Taiba. The report said Pakistan was fully compliant with only one of 40 recommendations on curbing terror-financing in the country.
Should Pakistan be blacklisted, it risks facing severe financial hardship, including being downgraded by the International Monetary Fund, the World Bank and the Asian Development Bank and facing negative assessments from credit rating agencies such as Moody’s, Standard & Poor’s and Fitch.
India and other member countries of the FATF have charged Pakistan with failing to take concrete action against UN-designated terrorists, pointing out that its anti-terror law remains out of sync with standards set by the international body.
“It’s a serious anomaly that Pakistan’s anti-terror law still remains out of sync with FATF standards and also the latest UN resolution 2462, which calls for criminalising terrorist financing. We have pointed this out regularly at plenary sessions,” a senior Indian official told NDTV in June.