ISLAMABAD, December 6: Pakistan submitted a report comprising answers to 22 questions to the Financial Action Task Force (FATF), officials said on Friday.
The report details Pakistan’s actions against the groups the United Nations has listed as terrorist organisations as well as sentences handed to them by the courts.
Prepared by the representatives of the ministries of foreign affairs, interior, and finance, Securities and Exchange Commission of Pakistan (SECP), Financial Monitoring Unit, State Bank of Pakistan, National Counter Terrorism Authority (NACTA), Counter-Terrorism Department (CTD), Federal Investigation Agency (FIA), and the Pakistan Army, the report further notes that common people who worked in groups the UN listed as terrorist organisations were provided alternative employment, while the control of some 113 madrassas has been handed over to the federal government.
The said madrassas were now working under the relevant assistant commissioners, whereas the teachers and students in those institutions had been provided a two-year budget.
According to the report, investigations into the sponsors and facilitators funding the terrorist activities, as well as methodologies of the SBP and the FIA to stop terrorism-financing in future, have been explained. A process to halt hundi-hawala and currency smuggling has been set up as well.
Nevertheless, a system to regulate jewellery and real estate businesses, as well as lawyers’ fees from petitioners, could not be set up.
The FATF, consequent to Pakistan’s responses, would schedule a meeting in Beijing, China, on January 21 to prepare follow-up conditions. Should there be any further questions from the money-laundering and terrorism financing watchdog, Islamabad was obligated to respond before December 20.-Agencies
