The Pakistani National Assembly is debating two key legal bills to curb terrorist financing. The legislation is intended to demonstrate Pakistan’s commitment to concrete steps in this area with the FATF.

The Anti-Terrorism Amendment Bill 2020, introduced in the National Assembly, is being amended. Sections 2, 6, 9A and 11O of the 1997 Anti-Terrorism Act are being amended in these draft laws to curb terrorist financing. The new law increases the powers of security agencies to interrogate the perpetrators of large-scale money laundering.

It should be noted that Pakistan is included in the gray list by the Financial Action Task Force. To get off the list, the Pakistani government has promised to meet the requirements of the international community.

Last month, the FATF extended the deadline given to Pakistan to take action in this regard. The issue of whether or not Pakistan will be on the global gray list will now be discussed at the proposed October meeting of the Global Financial Watchdog. The FATF had once again asked the Islamabad government to implement the 27-point action plan.

Significantly, the FATF had in June 2018 placed Pakistan on a ‘gray list’ of countries on terrorism financing. In a review in this regard in September 2019, Pakistan was given a list of 27 points and since then the deadline given to Pakistan has been extended for various reasons.

LEAVE A REPLY

Please enter your comment!
Please enter your name here