With Saeed according justice through Sharia courts, can Pakistan bring him to book

New Delhi, July 06: In the wake of a stern warning from the Financial Action Task Force, Pakistan decided to initiate 23 cases against Lashkar-e-Tayiba chief Hafiz Saeed and 12 of his aides.

The counter-terrorism department said that it had launched 23 cases against Saeed and 12 others for using five trusts to collect funds and donations for the Lashkar-e-Tayiba. The department also brought under its radar two of its sister concerns, the Jamaat-ud-Dawa and Falah-i-Insaniyat.

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Terror financing charges against Hafiz Saeed does not appear credible, verifiable

New Delhi, July 04: Pakistan has slapped terror financing charges against Lashkar-e-Tayiba boss, Hafiz Saeed and the trusts associated with him.

The move comes in the wake of a stern warning from the Financial Action Task Force which asked Pakistan to act on terror financing or be downgraded to the black list. A crucial meeting of the FATF is scheduled for October this year.

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Comply with action plan by October or get downgraded to blacklist; FATF tells Pakistan

New Delhi, June 21: The Financial Action Task Force has told Pakistan in clear terms that it would be blacklisted if it does not comply with the action plan by October 2019.

The FATF which monitors terror funding is meeting at Orlando on June 20 and 21. During the meeting it would track the progress by Pakistan on a 27 point action plan.

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FATF: Pak stares at being blacklisted due to unsatisfactory action on terror

New Delhi, June 10: Will Pakistan be able to prevent itself from being blacklisted. There is a crucial hearing of the Financial Action Task Force later this month and it would be critical for the future of Pakistan.

The FATF which monitors terror funding is set to meet at Orlando on June 20 and 21. During the meeting it would track the progress by Pakistan on a 27 point action plan. A final decision on whether Pakistan would placed on the grey list or downgraded to the black list would be taken in October when the FATF meets for its plenary in Paris.

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Ahead of key FATF hearing, Pakistan does not appear to have done much on terror funding

New Delhi, June 08: With a crucial hearing of the Financial Action Task Force later this month, Pakistan is doing all it can to avoid a terror nation tag.

The FATF which monitors terror funding is set to meet at Orlando on June 20 and 21. During the meeting it would track the progress by Pakistan on a 27 point action plan. A final decision on whether Pakistan would placed on the grey list or downgraded to the black list would be taken in October when the FATF meets for its plenary in Paris.

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Pakistan will be on terror finance watchlist from June 2018

Pakistan was put back on the terror financing ‘grey list’ by the Financial Action Task Force on Friday. With China staying neutral the fortunes of the country plunged and the United States sponsored motion managed to go through.

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Pak stares at terror nations status as FATF meets in Paris

New Delhi: Pakistan finds itself in a deep spot of bother. It has a lot at stake in the ongoing Financial Action Task Force meeting that is going on at Paris. The meeting that commenced on Sunday will take up a crucial resolution of the United States which seeks to place Pakistan on the terror watch list.

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By banning Hafiz Saeed can Pak get away from being put on global terror financing watchlist

Pakistan took a major step in declaring Lashkar-e-Tayiba boss, Hafiz Saeed as a terrorist. The move comes ahead of the crucial meeting of the Financial Action Task Force to be held next week in Paris. The FATF is an intergovernmental body based in Paris which sets the global standards for fighting illicit finance.

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Money laundering- Why is the conviction so low?

Pic: www.madhyamam.com
Pic: Sify

The Financial Action Task Force in a report yesterday states that there are 1704 cases of money laundering of various types under probe. While this is a clear indicator that the detection rate has gone up considerably, the problem however lies with the conviction which is a meagre 3 per cent including cases of terrorism.

Money laundering is of various types and the most notorious one is parking of black money in the banks with the help of its representatives. Sting operations in the recent past have revealed that various reputed banks in the country have indulged in money laundering. The other type is directly related to terrorism and crime. The drug syndicate and terrorist outfits have parked money in banks in order to make it look like a valid transaction. Continue reading “Money laundering- Why is the conviction so low?”