Pakistan submits report to FATF, cites Hafiz Saeed sentence to get out of grey list

Pakistan has submitted its compliance report for assessment to the Monetary Motion Process Drive (FATF) with hopes that it might see Islamabad out of the phobia watchdog’s grey list.

As in step with the main points, a Pakistan delegation led through Federal Minister for Financial Affairs Hammad Azhar submitted the report that displays compliance of a minimum of 14 issues out of the 27 level motion plan to counter cash laundering and terror financing.

Pakistani officers state that whilst it has totally carried out 14 out of the 27 issues within the FATF motion plan, it has additionally been partly compliant with a minimum of 11 issues, including that there are a minimum of two issues that aren’t imaginable.

Then again, FATF has demanded Pakistan to additional tighten its rules and grasp organizations and folks at the back of cash laundering and terror financing responsible.

Pakistan makes use of Hafiz Saeed case for its defence

Pakistan has used the hot conviction of Jamat-ud-Dawa (JUD) leader Hafiz Saeed, who has been despatched to a minimum of five-and-a-half years imprisonment each and every within the two circumstances on cash laundering and terror financing, to protect itself on the FATF.

Responding to FATF call for for additional tightening of rules on cash laundering and terror financing, Pakistani officers cited the conviction of Hafiz Saeed, keeping up that the rustic’s judicial device was once totally impartial and that the courts take a call on deserves of each and every case.

Closing week, Hafiz Saeed was once despatched to prison for a minimum of 5 years and 6 months each and every within the two circumstances center towards him on the anti-terrorism court docket.

The ATC discovered Hafiz Saeed responsible of the use of charity organizations, their workplaces and assets for cash laundering and terror financing.

The ATC sentenced Saeed to five-and-a-half years in each and every case whilst a effective of PKR 15,00zero was once additionally imposed on him.

The court docket, then again, maintained that the overall tenure of Hafiz Saeed in prison can be five-and-a-half years as prison phrases in each circumstances can be finished at the same time as.

Pakistan’s development can be reviewed on the FATF assembly which is able to run until February 21, 2020.

Whilst Pakistan is positive that it might be ready to fulfill FATF and get out of the grey list, analysts say that chance that Islamabad would possibly retain its position within the list for some other six months can’t be written out.