The 35-nation intergovernmental organization was formed in 1989 to combat money laundering. Getting on the task force’s “black list” could hurt a country’s ability to borrow, if its banking system is considered a money laundering haven. Analysts and government officials say political foot-dragging and sympathetic supporters throughout Pakistan makes it difficult to cut off the money supply to banned militant groups. “The government has to find a way to completely ban individuals and groups (suspected of militant activity) from operating. However, concerns have been raised by the resurrection of banned groups such as Lashkar-e-Taiba under new names.

Source: thestar June 03, 2017 15:33 UTC