FATF: India asks Pakistan to act on terrorism

New Delhi: India on Saturday asked Pakistan to address global concerns on terrorism by taking "credible" and "irreversible" steps, after an international body, Financial Action Task Force (FATF), slammed the country for failing to do enough to check terror financing and warned of action if it does not comply with the requirements in four months.

The FATF said Pakistan, since June last year, made "a high-level political commitment to work with the FATF and APG (Asia-Pacific Group on Money Laundering) to strengthen its AML/CFT (Anti-Money Laundering and Terrorist Financing) regime and to address its strategic counter-terrorist financing-related deficiencies.

It said: "Pakistan has taken steps towards improving its AML/CFT regime, including the recent development of its TF (Terrorist Financing) risk assessment addendum; however, it does not demonstrate a proper understanding of Pakistan's transnational TF risk."

A statement issued after three-day deliberations of the international watchdog, founded by G-7 (Group of seven industrialized nations) in 1989, Asaid, read: "The FATF expresses concern that not only did Pakistan fail to complete its action plan items with January deadlines, it also failed to complete its action plan items due May 2019."

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