India blocks China’s bid to save Pakistan on terror finance survey

News:

• Pakistan’s enforcement on UN financial sanctions against terrorism will be closely monitored by Financial Action Task Force (FATF), through its associate body, the Asia Pacific Group on Money Laundering .
• FATF is a policy-making body whose objectives include setting standards to combat money laundering and the financing of terrorism and supporting implementation of these standards.
• India and the US have spoken against Pakistan’s lack of conviction in implementing anti-terror financial sanctions by freezing assets or attaching properties of 26/11 masterminds  and 1993 Mumbai blasts accused.
• India is 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.

Source: TOI