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FATF keeps Pak on grey list, says it has shown no understanding of terror financing

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FATF keeps Pak on grey list, says it has shown no understanding of terror financing

[vc_row][vc_column][vc_column_text]Condemning Pulwama terror attack, terror financing watchdog Financial Action Task Force (FATF) said Pakistan has shown no understanding of  funding of terrorist outfits like Jaish-e-Mohammad (JeM) and Lashkar-e-Taiba (LeT) and decided to keep Pakistan on its ‘grey list’ till October.

India had made a strong push to ensure that Islamabad is not taken off the list, in the light of the Pulwama terror attack. Pakistan, however, managed to escape getting into the ‘black list’.

Earlier this week, France said they were pushing FATF to keep Pakistan on the grey list, given its non-compliance with FATF rules, but also as a move after the Pulwama attack. Pakistani officials tried hard to get off the grey list, insisting they were in compliance.

Pakistan’s inclusion on the list keeps international pressure on Pakistan to clean up its act on terror support and terror financing. It makes it harder for its government to access international markets at a time when the economy is stumbling. While there are no direct legal implications, it brings extra scrutiny from regulators and financial institutions that can chill trade and investment.

The Paris-based FATF noted that Pakistan has made only “limited progress” on curbing money laundering and terrorism financing, failing to show a proper understanding of the risks posed by JuD, LeT, JeM and others.

High alert at Mumbai Railway stations after LeT terror threat inputs

The remarks came at the FATF’s plenary meeting in Paris that was held in the backdrop of the Pulwama terror attack, in which 40 CRPF personnel were killed last week.

Expressing grave concern over the violent terrorist attack, the 38-member watchdog said it could not have occurred without money and the means to move funds between terrorist supporters.

The FATF said Pakistan should continue to work on implementing its action plan to address its strategic deficiencies, including by adequately demonstrating its proper understanding of the terror financing risks posed by the terrorist groups and conducting supervision on a risk-sensitive basis.

“Pakistan has revised its TF (terror financing) risk assessment. However, it does not demonstrate a proper understanding of the TF risks posed by Da’esh (ISIS), AL-Qaida, JuD (Jamat-ud-Dawa), FIF (Falah-e-Insaniat Foundation), LeT (Lashkar-e-Taiba), JeM (Jaish-e-Mohammad), HQN (Haqqani Network) and persons affiliated with the Taliban,” the statement said.

“Given the limited progress on action plan items … the FATF urges Pakistan to swiftly complete its action plan, particularly those with timelines of May 2019,” the FATF said in a statement.

Ensure Kashmiris are not boycotted or attacked, Supreme Court orders states

Pakistan had to demonstrate compliance on five counts by February, but there has been negligible movement by Islamabad. It needed to show sanctions were being applied in cases of money laundering and terrorism financing, demonstrate better cooperation between authorities identifying illegal money flows, and enhance support for prosecutors, among other measures, the FATF said.

As a last minute gesture, Pakistan reinstated the bans on Falah-i-Insaniyat and Jamaat-ud-Dawa, two front organisations of the Lashkar-e-Taiba. These organisations had been banned by a presidential ordinance by the former Nawaz Sharif government, but the ordinance was allowed to lapse by the Imran Khan government.

India had been pressing the FATF to put Pakistan on the blacklist and had submitted a dossier to the watchdog, making a strong case against Pakistan’s non-compliance in curbing terror funding.

Pakistan is already in the grey list and has time till October to avoid being blacklisted, technically referred to as countries under ‘high-risk and other monitored jurisdiction.’ Iran and North Korea are currently blacklisted.

In June 2018, Pakistan made a high-level political commitment to work with the FATF and the Asia Pacific Group to address its strategic counter-terrorist financing-related deficiencies.

Two suspected terrorists of Jaish-e-Mohammed group arrested from UP’s Deoband

To avoid being blacklisted in October this year, it had committed that “law enforcement agencies are identifying and investigating the widest range of terror funding activities and that terror funding investigations and prosecutions target designated persons and entities, and persons and entities acting on behalf of or at the direction of the designated persons or entities.”

India had informed the FATF that Pakistan is falling short of its commitments drastically as the proscribed terror outfits and individuals continue to act from its territory and bleed India.

China yields, UNSC statement names Jaish-e-Mohammad in condemning Pulwama attack

When Pakistan was put under the grey list last year, its all-weather friend China and Saudi Arabia, which has an observer status at the FATF, refused to shield it. India is hoping that it can ultimately build enough pressure to push for Pakistan’s blacklisting later this year. The blacklisting will prevent institutions like IMF from financially supporting Pakistan that it can ill-afford at this time.

On Thursday night, the United Nations Security Council (UNSC) had strongly condemned the Pulwama attack and, signalling a clear shift, China signed off on a UNSC statement that “condemned in the strongest terms” the Pulwama terror attack and named Pakistan-based JeM for the “heinous and cowardly suicide bombing”.[/vc_column_text][/vc_column][/vc_row]

India News

India-Ukraine pacts: PM Modi, President Zelenskyy sign 4 agreements to boost cooperation in agriculture, food, pharma, culture

On his visit to the Martyrologist Exposition, PM Modi said that he was deeply hurt.

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Prime Minister Narendra Modi and Ukraine President Volodymyr Zelenskyy on Friday (August 23) signed four agreements to boost cooperation between India and Ukraine in agriculture, food industry, medicine, culture and humanitarian assistance.

Earlier, PM Modi began the historic visit to the Ukrainian capital Kyiv under the shadow of war to hold talks with President Zelenskyy.

It is the first-ever visit to Ukraine by an Indian prime minister after Ukraine became independent in 1991, and his trip comes amid Kyiv’s fresh military offensive in Russia’s western Kursk region.

“President Zelenskyy and I had very productive discussions in Kyiv today. India is eager to deepen economic linkages with Ukraine. We discussed ways to boost cooperation in agriculture, technology, pharma, and other such sectors. We also agreed to further cement cultural linkages”, PM Modi said in a post on X.

PM Modi also had discussions about the ongoing conflict. He said, “It is of topmost importance that peace be maintained. A peaceful solution to the conflict is best for humanity.”

The Prime Minister emphasised that India has not remained neutral in the Russia-Ukraine conflict, asserting that the country has consistently supported peace.

During his meeting with Ukrainian President Zelenskyy in Kyiv, Modi reiterated India’s stance that dialogue and diplomacy are the only means to resolve the conflict and expressed India’s readiness to contribute actively to peace efforts.

On his visit to the Martyrologist Exposition, PM Modi said that he was deeply hurt. He said, “Truth is the first casualty of a war. I feel that innocent children are the first casualties of war.”

“Today is a historic day for the relationship between India and Ukraine because an Indian PM has visited Ukraine for the first time. Tomorrow is your National Day, and I, on behalf of the 140 crore Indians, congratulate you all,” PM Modi said during his meeting with Zelenskyy.

PM Modi thanked Zelenskyy for providing help during the initial stage of Russia-Ukraine war. He said: “You provided a lot of help in evacuating the Indian students who were trapped here. I, on behalf of the 140 crore people of the nation, would like to thank you for this.”

Additionally, External Affairs Minister S Jaishankar disclosed that the bilateral discussions between Modi and President Zelenskyy primarily focused on the war in Ukraine.

Jaishankar also mentioned that both leaders have directed the Intergovernmental Commission, co-chaired by Minister Kuleba and himself, to concentrate on revitalizing trade and economic relations, with plans for an early meeting by the end of the year.

He highlighted the historic nature of PM Modi’s visit to Ukraine and expressed hope for President Zelenskyy’s future visit to India. Furthermore, India demonstrated solidarity by providing 22 tonnes of medical support equipment to Ukraine, reinforcing its ongoing humanitarian aid to the conflict-affected nation.

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In Ukraine, PM Modi says conflict is particularly devastating for children

Later, PM Modi along with President Zelensky paid homage at the Martyrologist Exposition in Kyiv.

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In his historic visit to war-torn Ukraine, Prime Minister Narendra Modi on Friday said that conflict is particularly devastating for young children.

Prime Minister Modi met Ukraine President Volodymyr Zelensky with a warm hug and handshake in Kyiv today. Later, PM Modi along with President Zelensky paid homage at the Martyrologist Exposition in Kyiv.

“President Zelensky and I paid homage at the Martyrologist Exposition in Kyiv. Conflict is particularly devastating for young children. My heart goes out to the families of children who lost their lives, and I pray that they find the strength to endure their grief”, PM Modi said in a post on X.

“Today in Kyiv, Prime Minister Narendra Modi and I honored the memory of the children whose lives were taken by Russian aggression. Children in every country deserve to live in safety. We must make this possible” post Ukraine President on X.

Earlier in the day, PM Modi paid tributes to Mahatma Gandhi at Kyiv. “The ideals of Bapu are universal and give hope to millions. May we all follow the path he showed to humanity”, PM Modi said.

PM Modi and President Zelensky are scheduled to hold both one-on-one and delegation-level talks with a focus on finding a negotiated settlement to the Russia-Ukraine conflict.

PM Modi arrived in Kyiv from Poland aboard a “Rail Force One” train, which took around 10 hours, for the second and final leg of his two-nation trip. His visit to Ukraine comes nearly six weeks after his high-profile trip to Russia, during which he held extensive talks with Russian President Vladimir Putin, largely with a focus on ending the conflict.

In June, PM Modi met with President Zelensky on the sidelines of the G7 summit in Italy’s Apulia. During the meeting, he assured the Ukrainian President that India would continue to support a peaceful resolution to the Ukraine conflict through dialogue and diplomacy.

PM Modi also emphasised India’s belief in a human-centric approach to resolving the conflict. Additionally, President Zelensky invited the Prime Minister to visit Kyiv during their discussion.

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India News

Bangladesh Chief Justice Obaidul Hassan steps down after ultimatum from student protestors

The protests started after Hassan called for a full court meeting with all justices from both divisions of the Supreme Court.

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The Chief Justice of the Supreme Court in Bangladesh, Obaidul Hassan, decided to step down in principle following intense pressure from protesters surrounding the Apex Court of the country, as per the reports.

The 65-year-old judge tendered his resignation after consulting President Mohammed Shahabuddin today evening, as per the Bangladesh newspaper.

The protests erupted when Hassan called for a full court meeting with all justices from both divisions of the Supreme Court. The protesting students interpreted the convening of the full court meeting as a judicial coup and declared a siege of the High Court premises.

Amid student protests, Chief Justice Hassan decided to postpone the meeting and subsequently announced his intention to step down. Hassan, who was appointed just last year and was considered a loyalist to ousted Prime Minister Sheikh Hasina, was given a one-hour ultimatum to resign.

The Bangladesh Bank Governor, Abdur Rouf Talukder, has also submitted his resignation, although it has not been accepted due to the significance of the position. This was stated by finance ministry adviser Salehuddin Ahmed, who stated that the importance of the position was a determining factor.

Notably, several deputy governors were compelled to resign in the days leading up to this, following accusations of corruption by 300 to 400 bank officials.

The protests, which are part of the broader unrest that precipitated Hasina’s departure, have resulted in over 450 deaths, including numerous police officers. Allegations against Hasina include murder, forced disappearance, money laundering, and corruption, asserting that a senior member of the Bangladesh Nationalist Party Amir Khosru Mahmud Chowdhury said she must face the law.

The police union has declared a strike, refusing to resume work until their safety is ensured, contributing to the complexity of the situation.

Since Monday, Hasina has been taking refuge in New Delhi, but she plans to return to the country and participate in elections, according to reports. Furthermore, this week witnessed the vandalism of numerous homes and businesses belonging to Bangladesh’s minority Hindu community, prompting hundreds of them in northwest Bangladesh to attempt to flee to neighboring India.

In the midst of this turmoil, Bangladesh’s interim leader, Muhammad Yunus, made an appeal for religious unity as he consoled the grieving mother of a student who was fatally shot by police – a poignant moment in the mass protests that brought an end to Sheikh Hasina’s 15-year rule.

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