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Tuesday 7 July 2020

Pakistan under Indian pressure freezes terrorists’ accounts

The global community is crediting Indian diplomacy at the FATF via Asia Pacific Group with forcing Pakistan to take this action under the 4th Schedule of its Anti-Terrorism Act

The security agencies of Pakistan have seized close to 5,000 bank accounts run by terrorists and their various outfits and frozen a large amount of money in them. Due to this action taken by the government of the Islamic country under pressure, the terrorist organisations on Pakistani soil are now broke, reported several Western media houses.

According to Pakistani officials, these accounts held more than Rs 20 crore.

Falah-e-Insaniyat Pakistan logo
The logo of Falah-e-Insaniyat Pakistan

The Pakistani security establishment came down the heaviest on terror-financing accounts in the province of Punjab, where the maximum number of bank accounts has been closed. More and more people suspected of having links with terror groups have been booked under the Fourth Schedule of Pakistan’s Anti-Terrorism Act. Hundreds of people have been arrested.

The international community is crediting Indian diplomacy with forcing Pakistan to take this action. India is leading the Asia Pacific Group, an organization of the FATF. In the APG Group meeting, India pressured Pakistan to intensify action against organisations like Jamaat-ud-Dawa and Falah-e-Insaniyat, and Pakistan was found helpless.

Hafiz Saeed, the guardian of both these banned organizations, was the mastermind of the 2008 Mumbai terror attack.

Earlier, FATF found India’s western neighbour to have failed on 22 of the 27 conditions related to terror-financing and money laundering it had to fulfil to be spared the impending sanctions on it. The FATF today asked Pakistan to hurry or it will be forced to blacklist the Islamic country.

For the time being, however, Pakistan has been placed in the grey list. It has time till February 2020 to satisfy the FATF on all the 27 actionable points. If the Islamic state does not take concrete action against terrorist funding and money laundering, action will be taken against it.

However, the time given to Pakistan to come clean is a cause for concern for countries like India and the US that wanted to blacklist Pakistan as soon as possible.

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