Daily Current Affairs 2021 India blocks China's bid to shield Pakistan on terror | Daily Current Affairs 2021

India blocks China’s bid to shield Pakistan on terror

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pakterrorPakistan will be under strict scrutiny by the UN body called Financial Action Task Force (FATF) through its associate the Asia Pacific Group on Money Laundering (APG) after India blocked China’s attempt to shield its all-weather friend from such a scrutiny at a meet in Brisbane.

As a policy-making body FATF is involved in setting standards to combat the financing of terrorism through means like money laundering and supports the implementation of these guidelines.

While APG being affiliated to FATF is committed to the effective implementation of the standards laid by the latter. Pakistan is a member of APG.

India with the support of allies like the US managed to derail China’s bid to protect Pakistan on the issue of terror financing and this was backed by Australia too.

Despite not being member of FATF, Pakistan was part of APG which works in close collaboration with FATF. Hence, this body has the right to monitor the enforcement of targeted financial sanctions against terrorism by Pakistan through APG, it was agreed at the Brisbane meet.

At the FATF meet, India and the US spoke up against Pakistan’s lack of conviction in implementing anti-terror financial sanctions by freezing assets or attaching properties of 26/11 masterminds Hafiz Saeed and Zakiur Rehman Lakhvi and 1993 Mumbai blasts accused Dawood Ibrahim.

China, however, argued that Pakistan was doing enough in combating terrorism and reporting on the action taken to APG.

Moreover, India was not satisfied with the report submitted by Pakistan to APG as it listed only unnamed accounts, without identifying their origins and their implications for the group’s functioning.

This was despite India furnishing enough details on Falah-e-Insaniyat, linked to LeT and Jamaat-ud-Dawah, publicly raising funds. Similar fund-raising at Hafiz Saeed’s rallies was also highlighted.

Later on, it was agreed that Pakistan’s effective action on terror financing will be reviewed by the APG which will then refer this issue to the FATF for its final decision.

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