KP govt to target terror financing

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The Counter-Terrorism Financing Unit (CTFU) has been notified by the Khyber Pakhtunkhwa (KP) government to operate under the Counter Terrorism Department (CTD), a local media outlet reported on Tuesday.

The move comes on the heels of a raid by the Federal Investigation Agency (FIA) to seal a currency market in Peshawar linked with money laundering.

In June, the Financial Action Task Force (FATF) had found ‘deficiencies’ in the country’s ability to curb terror financing.

Pakistan had presented a plan of action consisting of 26 points the country said it would work on to avoid being placed on FATF’s blacklist.