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India tells Pakistan to take 'credible' measures on terror financing after FATF rap 

File photo of Pakistan's Prime Minister Imran Khan. Photograph:( AFP )

WION New Delhi Jun 22, 2019, 10.29 AM (IST) Written By: Sidhant Sibal

India on Saturday told Pakistan to take "credible, verifiable, irreversible and sustainable measures" on the "global concerns" related to "terrorism and terrorist financing" emanating from any territory under its control after Pakistan managed to survive the Financial Action Task Force (FATF) blacklisting scare for the time being.

Reacting to FATF's decision after the Imran Khan-led country failed to meet deadline twice --January and May 2019, India said Pakistan should take "all necessary steps to effectively implement the FATF Action Plan fully within the remaining time frame i.e. by September 2019".

The global counter-terror body on Friday strongly urged "Pakistan to swiftly complete its action plan by October 2019", warning, if Islamabad doesn't comply, "FATF will decide the next step at that time for insufficient progress" which mean a possible blacklisting.

Being on the greylist impacts the Pakistani economy with $10 billion loss annually.

After being greylisted in June 2018, Pakistan had made high-level political commitments to address its counter-terrorist financing-related deficiencies which basically means to act on the financing of terrorism.

Islamabad was put on the greylisted last year which means the country comes under financial jurisdiction with “structural deficiencies” in "anti-money laundering (AML) and combating the financing of terrorism (CFT)" or simply put-- supports the financing of terror.

This is not the first time India has asked Pakistan to take strong steps to dismantle terror infrastructure. New Delhi and Kabul both have been asking Pakistan to take measures on terror groups on its territory for years now.

Story highlights

The global counter-terror body on Friday strongly urged "Pakistan to swiftly complete its action plan by October 2019", warning, if Islamabad doesn't comply, "FATF will decide the next step at that time for insufficient progress" which mean a possible blacklisting.