FATF

About:

• FATF observed that Pakistan needed to further demonstrate that investigations and prosecutions were being pursued against the senior leadership of UN-designated terror groups, which include the Lashkar-e-Taiba (LeT), Jaish-e-Mohammed (JeM), al-Qaeda and the Taliban.
  
  
• The Pakistan Government has two concurrent action plans with a total of 34 action plan items. It has addressed or largely addressed 30 of the items.
  
  
• Its most recent action plan from June this year, which largely focused on money laundering deficiencies, was issued after the FATF’s regional partner APG, that is the Asia-Pacific Group, identified a number of serious issues.
  
  
• At the previous Plenary in June, the FATF had kept Pakistan in the list of “jurisdictions under increased monitoring” owing to its failure in prosecuting the top operatives of the Security Council-designated terror groups.
  
  
• It had advised that Pakistan should continue to work to address its six strategically important deficiencies, which included enhancing international cooperation by amending the money-laundering law and demonstrating that assistance was being sought from foreign countries in implementing the UNSCR 1373 designations.