After Pulwama attack, India trying to push Pakistan on FATF blacklist

New Delhi, Feb 22: In wake of the Pulwama terror attack, India has stepped up its lobbying efforts to get Pakistan blacklisted by the Financial Action Task Force (FATF), the international terror financing and money-laundering watchdog.

A dossier prepared by Indian security agencies, pinning the responsibility of the Pulwama terror attack on Pakistan, will be submitted to FATF.

However, wiith the banning of Hafiz Mohammad Saeed linked Jamaat-ud-Dawa (JuD) and its charity wing - Falah-e-Insaniat Foundation (FIF), Pakistan hopes that it will succeed to remove its name from the grey list of Paris-based Financial Action Task Force (FATF) in September this year.

In June 2018, FAFT - a global terrorism financing and money laundering watchdog had officially placed Pakistan on its grey list, during a plenary meeting held in Paris, due to strategic deficiencies in its anti-money laundering and terrorism financing regime. FATF argued that Pakistan had failed to act against terror financing on its soil. On January 27, 2017, Interior Ministry had placed JuD and FIF on its Watch List under section 11-D-(1) of Schedule II of Anti Terrorism Act, 1997.

The two other organisations including Ghulaman-e-Sahaba (GS) and Maymar Trust had also been placed on the Watch List in the same year. Total four organisations were on that list till Thursday.

What is FATF?
The FATF is an intergovernmental organisation responsible for designing and promoting global regulatory rules and standards aimed at curbing cross-border money laundering and terror financing. It was established by the G7 in 1989 and is headquartered in Paris. India has been a member of FATF since 2010.