Firstpost
  • Home
  • Video Shows
    Vantage Firstpost America Firstpost Africa First Sports
  • World
    US News
  • Explainers
  • News
    India Opinion Cricket Tech Entertainment Sports Health Photostories
  • Asia Cup 2025
Apple Incorporated Modi ji Justin Trudeau Trending

Sections

  • Home
  • Live TV
  • Videos
  • Shows
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Health
  • Tech/Auto
  • Entertainment
  • Web Stories
  • Business
  • Impact Shorts

Shows

  • Vantage
  • Firstpost America
  • Firstpost Africa
  • First Sports
  • Fast and Factual
  • Between The Lines
  • Flashback
  • Live TV

Events

  • Raisina Dialogue
  • Independence Day
  • Champions Trophy
  • Delhi Elections 2025
  • Budget 2025
  • US Elections 2024
  • Firstpost Defence Summit
Trending:
  • Charlie Kirk shot dead
  • Nepal protests
  • Russia-Poland tension
  • Israeli strikes in Qatar
  • Larry Ellison
  • Apple event
  • Sunjay Kapur inheritance row
fp-logo
FATF says several terror groups continue to get funds from supporters despite anti-terror financing watchdog tightening control on flow of money
Whatsapp Facebook Twitter
Whatsapp Facebook Twitter
Apple Incorporated Modi ji Justin Trudeau Trending

Sections

  • Home
  • Live TV
  • Videos
  • Shows
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Health
  • Tech/Auto
  • Entertainment
  • Web Stories
  • Business
  • Impact Shorts

Shows

  • Vantage
  • Firstpost America
  • Firstpost Africa
  • First Sports
  • Fast and Factual
  • Between The Lines
  • Flashback
  • Live TV

Events

  • Raisina Dialogue
  • Independence Day
  • Champions Trophy
  • Delhi Elections 2025
  • Budget 2025
  • US Elections 2024
  • Firstpost Defence Summit
  • Home
  • India
  • FATF says several terror groups continue to get funds from supporters despite anti-terror financing watchdog tightening control on flow of money

FATF says several terror groups continue to get funds from supporters despite anti-terror financing watchdog tightening control on flow of money

Press Trust of India • February 18, 2020, 08:32:46 IST
Whatsapp Facebook Twitter

The FATF said several terrorist groups continue to benefit from funds raised through illegal activities and from supporters worldwide despite the international terror financing watchdog tightening the standards on the flow of money.

Advertisement
Subscribe Join Us
Add as a preferred source on Google
Prefer
Firstpost
On
Google
FATF says several terror groups continue to get funds from supporters despite anti-terror financing watchdog tightening control on flow of money

New Delhi: The FATF on Monday said several terrorist groups continue to benefit from funds raised through illegal activities and from supporters worldwide despite the international terror financing watchdog tightening the standards on the flow of money. India has maintained that Pakistan extends regular support to terror groups like Lashkar-e-Taiba (LeT), Jaish-e-Mohammad (JeM) and Hizbul Mujahideen, whose prime target is India and has urged FATF to take action against Islamabad. The week-long Financial Action Task Force plenary, currently on in Paris, will decide Pakistan’s fate, whether it will continue in the FATF’s ‘Grey List’, or will be put in the ‘Black List’ or escape from listing. Without naming Pakistan, the FATF said in a statement that terrorists use various methods to gain financing, including using social media to identify new followers and to solicit financial or other forms of material support. Individuals sympathetic to humanitarian causes or vulnerable to violent messaging are often targeted, it said. [caption id=“attachment_4665571” align=“alignleft” width=“380”] ![Representational image. Reuters](https://images.firstpost.com/wp-content/uploads/2018/07/Pakistan-flag_reuters1.jpg) The week-long Financial Action Task Force plenary, currently on in Paris, will decide Pakistan’s fate. Reuters[/caption] “The FATF has tightened its standards on terrorist financing which have helped disrupt access to funds for groups such as ISIL and Al-Qaida. However, various groups still benefit from funds raised through illegal activity and from supporters worldwide,” the Paris headquartered FATF said. The FATF said it is monitoring terrorist financing risks and works to help authorities trace funding to strengthen prosecutions. “The FATF is also monitoring illicit financing via new payment methods, such as cryptocurrencies,” it said. The plenary is examining the money laundering and terrorist financing risks that countries face to set and promote global standards to tackle these risks. Last week, an anti-terrorism court in Pakistan sentenced Hafiz Saeed, the mastermind of the 2008 Mumbai attack and founder of LeT, to 11 years in two terror financing cases. The move came just four days ahead of the FATF Paris plenary. Saeed, a UN-designated terrorist on whom the US has placed a USD 10 million bounty, was arrested on 17 July 2019, in the terror financing cases. The 70-year-old fiery cleric is lodged at the high-security Kot Lakhpat jail in Pakistan. Pakistan has also recently informed FATF that JeM founder Masood Azhar and his family are “missing”. Pakistan has claimed that there were only 16 UN-designated terrorists in Pakistan, of which “seven are dead”. Out of the nine who are alive, seven had applied to the UN for exemption from financial and travel restrictions. Pakistan needs 12 votes out of 39 to exit the ‘Grey List’ and move to ‘White List’. To avoid ‘Black List’, it needs the support of three countries. In the last month’s FATF meeting in Beijing, Pakistan has got the support of Malaysia and Turkey besides FATF current chair China. The FATF plenary held in October 2019 had noted that Pakistan addressed only five out of the 27 tasks given to it in controlling funding to terror groups like the Lashkar-e-Taiba, Jaish-e-Mohammad and Hizbul Mujahideen, responsible for a series of attacks in India. The FATF had said it strongly urges Pakistan to swiftly complete its full action plan by February 2020. In the Beijing meeting, Pakistan provided a list of its action taken to comply with FATF directions. Pakistan was placed on the ‘Grey List’ by the FATF in June 2018 and was given a plan of action to complete it by October 2019 or face the risk of being placed on the ‘Black List’ along with Iran and North Korea. The FATF is an inter-governmental body established in 1989 to combat money laundering, terrorist financing and other related threats to the integrity of the international financial system. The FATF currently has 39 members including two regional organisations — the European Commission and Gulf Cooperation Council. India is a member of the FATF consultations and its Asia Pacific Group. If Pakistan continues with the ‘Grey List’, it will be difficult for the country to get financial aid from the IMF, World Bank, ADB and the European Union, thus further enhancing problems for the nation which is in a precarious financial situation.

Tags
India Donald Trump US Pakistan NewsTracker Paris Imran Khan Beijing Iran Islamabad LeT Washington Saudi Arabia Tehran Hafiz Saeed FATF JeM National Counter Terrorism Authority robert o'brien
End of Article
Latest News
Find us on YouTube
Subscribe
End of Article

Impact Shorts

News18 SheShakti 2025: Voices of cinema, sport and music redefine nation-building

News18 SheShakti 2025: Voices of cinema, sport and music redefine nation-building

At News18 SheShakti 2025 Delhi, women from sports, cinema, and music discussed breaking barriers. Kriti Sanon and Sanya Malhotra focused on equity in cinema, Mira Erda and Ashalata Devi on sports challenges, and Kavita Krishnamurti stressed humility and perseverance for lasting success.

More Impact Shorts

Top Stories

Charlie Kirk, shot dead in Utah, once said gun deaths are 'worth it' to save Second Amendment

Charlie Kirk, shot dead in Utah, once said gun deaths are 'worth it' to save Second Amendment

From governance to tourism, how Gen-Z protests have damaged Nepal

From governance to tourism, how Gen-Z protests have damaged Nepal

Did Russia deliberately send drones into Poland’s airspace?

Did Russia deliberately send drones into Poland’s airspace?

Netanyahu ‘killed any hope’ for Israeli hostages: Qatar PM after Doha strike

Netanyahu ‘killed any hope’ for Israeli hostages: Qatar PM after Doha strike

Charlie Kirk, shot dead in Utah, once said gun deaths are 'worth it' to save Second Amendment

Charlie Kirk, shot dead in Utah, once said gun deaths are 'worth it' to save Second Amendment

From governance to tourism, how Gen-Z protests have damaged Nepal

From governance to tourism, how Gen-Z protests have damaged Nepal

Did Russia deliberately send drones into Poland’s airspace?

Did Russia deliberately send drones into Poland’s airspace?

Netanyahu ‘killed any hope’ for Israeli hostages: Qatar PM after Doha strike

Netanyahu ‘killed any hope’ for Israeli hostages: Qatar PM after Doha strike

Top Shows

Vantage Firstpost America Firstpost Africa First Sports

QUICK LINKS

  • Mumbai Rains
Latest News About Firstpost
Most Searched Categories
  • Web Stories
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Tech/Auto
  • Entertainment
  • IPL 2025
NETWORK18 SITES
  • News18
  • Money Control
  • CNBC TV18
  • Forbes India
  • Advertise with us
  • Sitemap
Firstpost Logo

is on YouTube

Subscribe Now

Copyright @ 2024. Firstpost - All Rights Reserved

About Us Contact Us Privacy Policy Cookie Policy Terms Of Use
Home Video Shorts Live TV