Pak Ac­tion Against Saeed Prompted by Im­pend­ing ‘Ad­verse Re­marks’

Re­port to be sub­mit­ted to In­ter­na­tional Co­op­er­a­tion Re­view Group of in­ter-state Fi­nan­cial Ac­tion Task Force

The Economic Times - - Pure Politics -

New Delhi: Pak­istan’s ac­tions ag ainst Ja­maat-ud-Dawa and Falah-i-In­saniyat is be­lieved to have been prompted by an im­pend­ing re­port by the Asia-Pa­cific Group (APG) on Money Laun­der­ing on these out­fits. The re­port ap­par­ently con­tains sev­eral “ad­verse re­marks” against Pak­istan.

Thep­rob­lem­forPak­istanisthatthis re­port will be sub­mit­ted to the In­ter­na­tional Co­op­er­a­tion Re­view Group (ICRG) of the in­ter-state Fi­nan­cial Ac­tion Task Force (FATF). Be­sides be­ing a ma­jor loss of face, such a re­fer­ral means the coun­try’s own eval­u­a­tion re­port is con­sid­ered sus­pect or has “sig­nif­i­cant de­fi­cien­cies” as FATF it­self puts it. North Korea and Iran have had such re­fer­rals be­cause of the lack of trust in their regimes. The ICRG can make its judg­men­tan­dis­suepublic­state­ments against coun­try, which can start with a warning to tak­ing spe­cific coun­ter­mea­sures against the coun­try if it doesn’t show com­pli­ance.

ET has gath­ered that mat­ters took a turn for the worse for Pak­istan at the FATF’s Paris ple­nary three months ago in Oc­to­ber last year. The FATF ended up di­rect­ing APG, it’s re­gional arm,to­sub­mi­tanin­de­pen­den­te­valu- ation re­port on Pak­istan’s ac­tions on curb­ing fi­nances of specif­i­cally the Ja­maat-ud-Dawa, Jaish-eMo­hammed and Falah-i-In­saaniyat. TheFATFal­sodi­rect­edthatthe­group should­sub­mit­there­port­byFe­bru­ary.

This was a fall­out of the de­bate on Pak­istan’s own com­pli­ance re­port to the FATF. The US along with France, Italyand­sev­er­alother­coun­tri­escame down hard on Pak­istan, say­ing its claims be­lied facts on the ground. These coun­tries quoted ev­i­dence to sug­gest that the fund­ing of these groups was still in­tact and they had been em­bold­ened enough to ex­plore col­lec­tions in over­seas des­ti­na­tions.

Pak­istan re­acted strongly to these ob­ser­va­tion­san­dis­sued­formaldiplo­mat­icprotest­stoin­di­vid­u­al­coun­tries on the mar­gins of the FATF ple­nary. De­spite that it could not block the de­ci­sion seek­ing a time-bound spe­cial re­port on ac­tions against these groups. The re­port, those fa­mil­iar with the de­tails, is now ready and the US has shared some de­tails with the Pak­istan Em­bassy in the US. The spec­u­la­tion is that the pos­si­ble scathing con­tents and pro­posed rec­om­men­da­tions may have pro­vided the back­drop for the im­me­di­ate ac­tion

In­dia, mean­while, said on Tues­day that it was not im­pressed with the house­ar­restof JuDChief HafizSaeed, de­mand­ing more cred­i­ble ac­tion. North Korea and Iran have had such re­fer­rals be­cause of lack of trust in their regimes

Re­cently, US, France, Italy and many other coun­tries have come down hard on Pak­istan, say­ing its claims be­lie facts on the ground

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