FATF `blacklisting` menace: Why Pakistan jailed 26/11 Mumbai terror assaults mastermind Hafiz Saeed

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Just 4 days forward of Financial Action Task Force (FATF) assembly in Paris to determine whether or not or not Pakistan must be blacklisted for failing to take motion in opposition to terror, an anti-terrorism courtroom in Pakistan sentenced 26/11 Mumbai terror assaults mastermind Hafiz Saeed to 5 years in jail following his conviction in two terror-funding circumstances.

The key assembly of the FATF, an intergovernmental watchdog that displays terrorism and felony financing legal guidelines, is scheduled to happen on February 16 and Islamabad needs to keep away from FATF blacklisting at any price as a result of this designation would come as a crushing blow to Pakistan’s already struggling financial system.

The FATF blacklisting would isolate Pakistan on the international degree and its financial system would even be remoted from the worldwide banking system. It may even result in the introduction of harder checks and stricter safeguards on transactions involving Islamabad.

Notably, FATF had positioned Pakistan on the ‘Grey List’ in June, 2018 and Islamabad was given a plan of motion by FATF to finish it by October 2019 or get positioned on the blacklist together with Iran and North Korea.

Reacting to Pakistan’s courtroom determination to ship Lashkar-e-Taiba chief Hafiz Saeed behind bars for 5 years, Indian authorities sources mentioned on Wednesday that the choice has been made on the eve of FATF assembly and this needs to be famous by the worldwide neighborhood. Sources remarked that India and different international locations will intently monitor the efficacy of this determination and can see whether or not Pakistan would take motion in opposition to different all terrorist entities and people working from territories underneath its management. Government sources additionally asserted that Pakistan must take concrete steps to carry perpetrators of cross border terrorist assaults, together with in Mumbai and Pathankot to justice expeditiously.

Saeed was slapped with a jail sentence of 5 and a half years and a tremendous of Rs 15,000 in every case. The sentences of each circumstances will run concurrently. He was convicted underneath ATA Section 11-F (2) and 11-N, based on Dawn. Saeed, who’s a UN-designated international terrorist, has been arrested 16 instances up to now however launched each time.