Context: Recently, a meeting of the Asia Pacific Joint Group was held in Beijing to scrutinize stricter actions that Pakistan has taken against terror financing and money laundering.
Important points from list of 27 actions by FATF: These 27 actions included steps like preventing funding to terrorists listed under UN Security Council Resolution 1267. They included Hafiz Saeed and the LeT, the Jaish-e-Mohammed (JeM), etc. The 27 actions also involved legal actions against these groups and changing the law in Pakistan as per international standards for money laundering and terrorism financing.
Opinion on Pakistan’s progress in achieving 27 actions by FATF: At Beijing Meeting of Asia Pacific Group (APG) of FATF, it was found that Pakistan has achieved progress on 14 out of 27 points. This shows that Pakistan has made progress on its efforts to prevent blacklisting by FATF. India has been in favor of more scrutiny of state-sponsored terrorism, including by Pakistan. During the period Pakistan remained in Grey list since 2019, Pakistan has chargesheeted Hafiz Saeed in terror financing cases and Jaish-e-Mohammed (JeM) Masood Azhar was included in the list of UNSC 1267. Outcomes of FATF are not free from geopolitical and bilateral influences. US and its allies may give importance to concluding talks with Taliban by the help of Pakistan. China, which is currently holding the presidency of FATF may help Pakistan from getting blacklisted by FATF.
NEED TO KNOW FACTS:
Financial Action Task Force (FATF):