Pakistan under watch for lax dealing with terror funding | india | Hindustan Times
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Pakistan under watch for lax dealing with terror funding

India has managed to put Pakistan under monitoring again under the Asia Pacific Group (APG) on money laundering due to lack of real intent and deficiencies in its regulatory framework to deal with money laundering and combating financial terrorism, government sources said.

india Updated: Jun 30, 2015 00:32 IST
HT Correspondent

India has managed to put Pakistan under monitoring again under the Asia Pacific Group (APG) on money laundering due to lack of real intent and deficiencies in its regulatory framework to deal with money laundering and combating financial terrorism, government sources said.

At the meeting of the Financial Action Task Force (FATF) on money laundering in Australia’s Brisbane last week, India raised the issue of Pakistan’s dubious record on dealing with terror outfit Lashkar-e-Taiba and its patron Hafiz Mohammad Saeed.

“Though China came in support of Pakistan, India managed to convince FATF to send its case to the APG that will monitor and evaluate Pakistan’s record on terror funding and money laundering now,” said a senior government official.

After amending its laws to strictly deal with money laundering and terror financing, Pakistan had become a compliant member of the group, but government sources say the reality is different since Pakistan never took serious action to put a freeze on the funding of LeT or Hafiz Saeed.