28 Feb '17, 3am

Powerful G7, India and Afghanistan will lead FATF's Economic Sanctions against Pakistan

Powerful G7, India and Afghanistan will lead FATF's Economic Sanctions against Pakistan

Yesterday the Financial Action Task Force (FATF), led by the G7 countries, put Pakistan on a three-month warning regarding terrorist financing. If Pakistan fails to comply with necessary actions against terrorism, it could become a virtual no-go zone for international banking. Last week, an Afghan Ministry of Foreign Affairs official threatened to seek U.N. sanctions against Pakistan for supporting Taliban terrorists. India should also seek U.N. sanctions for Pakistan’s support of terrorists targeting India, including in Kashmir. Such sanctions should be pursued immediately, with the help of G7 countries , and especially major importers from Pakistan: the U.S., U.K., and Germany. China and Russia will oppose sanctions, but should understand that standing in the way could make them complicit in terrorism. The sanctions should target businesses associated with the elements o...

Full article: http://www.defencenews.in/article.aspx?id=250718

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