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Wednesday , 24 April 2019
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5000 terrorists’ accounts blocked by Pakistan In a significant development, Pakistan has frozen nearly 5000 accounts belonging to suspected terrorists. This move by the Pakistan government has taken away around $3 million from the suspected terrorists. It may be recalled that Pakistan has been taking tough action against terrorists in recent times, due to international pressure, especially from the United States. However, it may still be difficult for Pakistan to portray a clean image, especially at the scheduled meeting of an international watchdog that tracks terror financing. Experts said that such terrorists often have the support of local groups and communities, which is why it is very difficult to completely cut off their finances.

Next month will be a tough time for Pakistan, as the Financial Action Task Force will update its assessment of high-risk and non-cooperative jurisdictions. The meeting will be held in Spain. The task force comprises 35 member nations and it was formed to look into money laundering cases. However, after 9/11, the task force has also started looking into financing of terrorism. Pakistan is worried since the task force can blacklist Pakistan, in which case, it will not be able to borrow funds from abroad. Pakistan was not scrutinized in 2015, but this year it could be scrutinized since banned groups such as Lashkar-e-Taiba have resurfaced under new names.

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