Opposition-dominated Pak Senate blocks one other FATF-related Bill

Islamabad, September 16

Pakistan’s Senate on Wednesday rejected the Anti-Terrorism Act (modification) Bill, 2020, a day after it was handed by the decrease home, making it the third Financial Action Task Force-related laws to have been blocked by the Opposition-dominated higher home.

Thirty-one members voted in favour of the Bill on terror financing whereas 34 opposed it, Dawn reported.

According to the Bill, the investigating officer, with the permission of the courtroom, can conduct covert operations to detect terrorism funding, observe communications and pc system by making use of newest applied sciences in 60 days. The courtroom could lengthen the interval for an additional 60 days.

The Bill stated funding for terrorism was a serious impediment within the nation’s improvement and a supply of shame to it. Terrorism funding was benefiting these parts which weren’t solely a risk to inside and exterior peace of the nation but additionally its allies, it stated.

Last month, the Anti-Money Laundering (Second Amendment) Bill and the Islamabad Capital Territory (ICT) Waqf Properties Bill, have been rejected by Pakistan’s Opposition-dominated Senate final month, jeopardising the federal government’s efforts to flee from being blacklisted by the worldwide cash laundering and terrorist financing watchdog.

The legislations have been a part of efforts by Pakistan to maneuver from the FATF’s gray record to the white record.

The Paris-based FATF put Pakistan on the gray record in June 2018 and requested Islamabad to implement a plan of motion to curb cash laundering and terror financing by the top of 2019 however the deadline was prolonged afterward on account of COVID-19 pandemic.

Meanwhile, President Arif Alvi has referred to as a joint sitting of each homes of Parliament on Wednesday night the place the federal government will attempt to get the three FATF-related payments handed, the paper stated, citing sources.

Under the 18th Amendment, if a Bill handed by one home of Parliament is rejected by the opposite, it could actually turn out to be a regulation solely whether it is handed by a joint sitting of the 2 homes.

With Pakistan’s continuation within the “grey list”, it is going to be tough for the nation to get monetary support from the IMF, World Bank, ADB, and the European Union, thus additional enhancing issues for the nation which is in a precarious monetary scenario.

Seeking to wriggle out of the FATF’s gray record, Pakistan final month imposed monetary sanctions on 88 banned terror teams and their leaders, together with 26/11 Mumbai assault mastermind and Jamaat-ud-Dawa (JuD) chief Hafiz Saeed, Jaish-e-Mohammed (JeM) chief Masood Azhar, and underworld don Dawood Ibrahim. — PTI

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