Pakistani authorities on Wednesday announced a crackdown on terror financing by the Lashkar-e-Taiba (LeT) and its front organisations, saying cases had been registered against LeT founder Hafiz Saeed and 12 of his aides. Experts said this was probably the first time Saeed was directly named in a case registered against LeT and its front organisations for involvement in terror. FATF also called for the prosecution of those involved in terror financing. They made these assets from funds of terrorism financing, they held and used these assets to raise more funds for further terrorism financing. Hence, they committed multiple offences of terrorism financing and money laundering under the Anti-Terrorism Act 1997.

Source: Hindustan Times July 03, 2019 16:35 UTC