Cabinet okays steps to block terror financing - News Summed Up

Cabinet okays steps to block terror financing


The cabinet’s nod implies that the funding to any outfit declared as proscribed by the Interior Ministry will immediately be blocked. Anti-terror financing legislation: Pakistan lobbies friends to ward off possible UN sanctionsThey said terror financing through Hawala and Hundi would also be curbed and the security agencies would be allowed to arrest the perpetrators of financial crimes linked to terrorism either directly or indirectly. In March last, the federal government said it had finalised the rules regarding freezing and seizure of assets of proscribed organisations and persons on Schedule-IV of Anti-Terrorism Act (ATA), 1997. The PM’s Sub-Committee on Choking Financing for Terrorists and Terrorist Organisations was also formed mainly to stop terror financing through Hundi and Hawala. The cabinet directed that the process of filling up vacant positions of the heads of organisations in various ministries be expedited.


Source: The Express Tribune February 14, 2018 05:26 UTC


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