USA pushes motion to put Pakistan on global terrorist - financing watchlist

Pakistan not complying with UNSC resolutions on sanctions against terrorists: US

Pakistan amends anti-terror laws to avoid international sanctions

The de facto finance minister of the country, Miftah Ismail told Reuters that United Kingdom and U.S. had nominated Pakistan to be put on the FATF's "grey list".

"We are now working with the U.S., UK, Germany and France for the nomination to be withdrawn", Ismail said, speaking by telephone from Europe.

Pakistan is not complying with the UN Security Council resolutions on sanctions against terrorists, the U.S. has said amid reports that it is spearheading an effort along with India to get Islamabad included in an global terrorist-financing watchlist. The move comes ahead of the crucial meeting of the Financial Action Task Force to be held next week in Paris. If Islamabad fails to comply with the regulations prescribed by FATF to combat money laundering and terror-funding, financial transactions emanating from Pakistan will be put under greater scrutiny, thereby making it hard for the country to undertake international/cross-border transactions. In February 2012, Pakistan was placed last on FATF's grey list and stayed on it for 3 years.

Pakistan, which of late has been under tremendous pressure to rein in terror groups operating from its soil, last week amended its Constitution paving the way for proscription of Jamat-ud-Dawah chief Hafiz Saeed.

Trader Alert: Unusual Volume Spotted in Cymabay Therapeutics, Inc. (NASDAQ:CBAY)
The number of shares now owned by investors are 93.32 mln. (NYSE:RSG) shares with value of $1.49M were sold by SLAGER DONALD W. The companyÂ's product candidate also includes MBX-2982, an oral G-protein coupled receptor agonist to treat type II diabetes.

Pakistani officials involved in the seizures of assets said failure to act against the charities could lead to Pakistan's inclusion on the FATF watchlist. The FATF maintains grey and black list for identifying countries with weak measures to combat money laundering and terror financing. According to sources, the United States and Britain put forward the motion to put Pakistan on the list several weeks ago and later pushed Germany and France to co-sponsor it.

"The US has consistently expressed our long-standing concern about ongoing deficiencies in Pakistan's implementation of its anti-money laundering/counter-terrorism finance (AML/CFT) regime", a State Department Spokesperson told PTI. Last week, Pakistan changed anti-terror laws through a presidential ordinance to include the JuD and FIF and other militant outfits on the list of United Nations prescribed groups. Saeed is reportedly the focus of the motion introduced by the USA and United Kingdom.

Resolution 1267 requires all states to freeze the assets of people and organizations on a list established by the resolution, including Saeed and his "Islamic charities".

This is probably for the first time that the USA has come out in the public accusing Pakistan of not in compliance with the resolutions of the UN Security Council.

Louis chefs, two restaurants among James Beard Award semifinalists
Also, on the Best Chefs:South semifinalist list is Bill Briand , who works at Fisher's in Orange Beach, Florida. The list of semifinalists is to sent to a panel of more than 600 judges from across the country.

To this end, the country's National Security Council (NSC) had asked federal and provincial governments "to complete the few outstanding actions at the earliest", the Pakistan-based daily reported.

Saeed, one of the founders of the militant group Lashkar-e-Taiba ("Army of the Pure" or LeT), is banned on the global terrorism blacklist maintained by the United Nations.

Punjab province's law minister, Rana Sanaullah, said the central Ministry of Interior had issued a notification against Saeed's two charities, the Jamaat-ud-Dawa (JuD) and Falah-e-Insaniat Foundation (FIF), last week.

Ismail said Pakistan had already taken over some parts of Saeed's organizations and that he believed other FATF nations would recognize Pakistan had made serious efforts to deal with militant financing.

Kenyan judge revokes orders to deport opposition leader
The ruling party on the other hand has accused the country's judiciary of "poor leadership, bias, impunity and double standards". Judge Luka Kimaru also orderered Kenya's government to return the passport confiscated from Miguna Miguna when he was deported .

Latest News