Daily Analysis of 'The Hindu' - 24th February, 2020 | Additional Study Material for UPSC PDF Download

 Page 1


Keep up the pressure 
?The objectives of the FATF are to set standards and
promote effective implementation of legal,
regulatory and operational measures for combating
money laundering, terrorist financing and other
related threats to the integrity of the international
financial system.
?The decision by global watchdog, the Financial Action
Task Force (FATF), at its plenary in Paris last week, to
keep Pakistan on its “greylist ” for monitoring its
record against terror financing was no surprise.
?June 2018: Pakistan government was given 27-point
action plan.
Page 2


Keep up the pressure 
?The objectives of the FATF are to set standards and
promote effective implementation of legal,
regulatory and operational measures for combating
money laundering, terrorist financing and other
related threats to the integrity of the international
financial system.
?The decision by global watchdog, the Financial Action
Task Force (FATF), at its plenary in Paris last week, to
keep Pakistan on its “greylist ” for monitoring its
record against terror financing was no surprise.
?June 2018: Pakistan government was given 27-point
action plan.
?Financial Action Task Force is
an inter-governmental body
established in
A.1989
B.1990
C.1991
D.1992
Page 3


Keep up the pressure 
?The objectives of the FATF are to set standards and
promote effective implementation of legal,
regulatory and operational measures for combating
money laundering, terrorist financing and other
related threats to the integrity of the international
financial system.
?The decision by global watchdog, the Financial Action
Task Force (FATF), at its plenary in Paris last week, to
keep Pakistan on its “greylist ” for monitoring its
record against terror financing was no surprise.
?June 2018: Pakistan government was given 27-point
action plan.
?Financial Action Task Force is
an inter-governmental body
established in
A.1989
B.1990
C.1991
D.1992
?The 39-member group that includes India decided
to extend P akistan’ s September 2019 deadline
until June 2020.
?Actions Pakistan still needs to carry out include
tightening security and banking restrictions to
block loopholes through which designated groups
including the Taliban, al-Qaeda, Lashkar-e-Taiba
and Jaish-e-Mohammad access funding.
?It also calls on Pakistan to begin prosecutions
against terrorists and sanction entities that are
flouting the UN S C’ s rules for designated terror
organisations.
Page 4


Keep up the pressure 
?The objectives of the FATF are to set standards and
promote effective implementation of legal,
regulatory and operational measures for combating
money laundering, terrorist financing and other
related threats to the integrity of the international
financial system.
?The decision by global watchdog, the Financial Action
Task Force (FATF), at its plenary in Paris last week, to
keep Pakistan on its “greylist ” for monitoring its
record against terror financing was no surprise.
?June 2018: Pakistan government was given 27-point
action plan.
?Financial Action Task Force is
an inter-governmental body
established in
A.1989
B.1990
C.1991
D.1992
?The 39-member group that includes India decided
to extend P akistan’ s September 2019 deadline
until June 2020.
?Actions Pakistan still needs to carry out include
tightening security and banking restrictions to
block loopholes through which designated groups
including the Taliban, al-Qaeda, Lashkar-e-Taiba
and Jaish-e-Mohammad access funding.
?It also calls on Pakistan to begin prosecutions
against terrorists and sanction entities that are
flouting the UN S C’ s rules for designated terror
organisations.
?The FATF Chairma n’ s final comment says Pakistan
must comply with all 27-action points — it has
cleared about 14 — in the next four months or
face financial strictures by being placed on the
“blacklist ”.
?Pakistan is one of 18 countries on the greylist;
Iran and North Korea are on the blacklist.
?Pakistan believes it might be able to slip through
the deadlines if it is able to ensure that three
countries, China, Turkey and Malaysia, which
have pledged support, veto any move to blacklist
it.
Page 5


Keep up the pressure 
?The objectives of the FATF are to set standards and
promote effective implementation of legal,
regulatory and operational measures for combating
money laundering, terrorist financing and other
related threats to the integrity of the international
financial system.
?The decision by global watchdog, the Financial Action
Task Force (FATF), at its plenary in Paris last week, to
keep Pakistan on its “greylist ” for monitoring its
record against terror financing was no surprise.
?June 2018: Pakistan government was given 27-point
action plan.
?Financial Action Task Force is
an inter-governmental body
established in
A.1989
B.1990
C.1991
D.1992
?The 39-member group that includes India decided
to extend P akistan’ s September 2019 deadline
until June 2020.
?Actions Pakistan still needs to carry out include
tightening security and banking restrictions to
block loopholes through which designated groups
including the Taliban, al-Qaeda, Lashkar-e-Taiba
and Jaish-e-Mohammad access funding.
?It also calls on Pakistan to begin prosecutions
against terrorists and sanction entities that are
flouting the UN S C’ s rules for designated terror
organisations.
?The FATF Chairma n’ s final comment says Pakistan
must comply with all 27-action points — it has
cleared about 14 — in the next four months or
face financial strictures by being placed on the
“blacklist ”.
?Pakistan is one of 18 countries on the greylist;
Iran and North Korea are on the blacklist.
?Pakistan believes it might be able to slip through
the deadlines if it is able to ensure that three
countries, China, Turkey and Malaysia, which
have pledged support, veto any move to blacklist
it.
?Pakistan also appears to have benefited from playing a
role in U.S.-Taliban talks as it seems the U.S. and its
allies are not enforcing the deadline to complete the
action plan as before.
?Pakistan will feel immunity from the process.
?The Pakistani cour t’ s hurried conviction of LeT chief
Hafiz Saeed on terror financing charges just before
the Paris meet appeared to be a command
performance, and its shocking submission to the FATF
that it cannot trace Masood Azhar must be scrutinised
further by the international body.
?U.S. President T ru mp’ s India visit: it is necessary
that India raises the need to continue to hold Pakistan
to account on terror.