ISLAMABAD: The Financial Action Task Force (FATF) has expressed satisfaction over the steps taken by Pakistan to curb terror financing and demanded that the country further tightens its laws to bring individuals involved in money laundering and terror financing to the task.
The five-day plenary session of the FATF is being held in Paris to review the progress made by Pakistan towards the implementation of its 27-point action plan. The meeting will continue until February 21.
The FATF required that Pakistan improve its prosecution system by handing down stricter punishments and penalties to the facilitators of terror financing.
Citing the conviction of Hafiz Saeed, the Pakistani officials said that the judicial system in the country was fully independent and the courts were making decisions on merit, which were being implemented.
Last week, an anti-terrorism court in Lahore convicted Jamatud Dawa leader Hafiz Saeed in two terror-financing cases
He was slapped with a prison sentence of five-and-a-half years and a fine of Rs15,000 in each case.
One of his close aides also received the same sentence on the same charges.
According to sources, Pakistani officials informed the meeting that the menace of money laundering and terror financing had been controlled to a greater extent by implementation on the FATF action plan.
