WASHINGTON: United States (US) State Department’s spokesperson Heather Nauert said on Thursday that a resolution to place Pakistan on a global terror-financing watchlist had been submitted to the Financial Action Task Force (FATF) as reported by a local English daily.
According to the spokesperson, the US is now concerned about ‘Pakistan’s deficiencies in the implementation of anti-money laundering and counterterrorism laws’. The ‘concern’ is not only limited to the US as Britain, France and Germany have also endorsed this resolution, which was initially moved by the US, the spokesperson said.
A crucial FATF meeting is scheduled to be held in Paris next week in order to consider measures to tackle global terrorism.
The FATF is an international policy-making and standard-setting body which essentially focuses on tackling terrorist financing. It maintains a list of countries that have weak counterterrorism policies.
The body does not have the authority to impose sanctions on its own, but it can impact international transactions.