The BRICS TimesFATF warns Pakistan’s removal from the grey list does not permit terror financing or money laundering. Jaish-e-Mohammed is currently collecting funds using e-wallets.
FATF’s Clear Message on Continued Scrutiny
The Financial Action Task Force (FATF) has issued a direct warning to Pakistan. The nation was removed from the grey list in October 2022. However, this action does not grant freedom for terrorist funding and money laundering. FATF clearly stated that continuous monitoring of terrorists will proceed. Terrorism financing remains a key focus area.
Terror Groups Shift to Digital Wallet Funding
Recently, the Pakistani terror group Jaish-e-Mohammed (JeM) began a new funding method. They are now collecting funds via e-wallets. Reports indicate that digital wallets like EasyPaisa and SadaPay are in use. These accounts are utilized to deposit money into accounts linked to Masood Azhar and his family.
New Tactics: Using Family Members’ Accounts
FATF highlights that terrorists are now relying on their family members. They create accounts using women’s names to avoid detection. This tactic prevents large amounts from gathering in one single account. Instead, small amounts are collected slowly. This total money is later used for building new terror camps.
Posing as Religious or Educational Bodies
FATF also cautioned that terror organizations often gather money by pretending to be religious or educational institutions. This is a common strategy. The primary goal is to evade surveillance and keep their harmful activities running smoothly.
FATF President’s Statement
FATF President Elisa de Anda Madrazo mentioned earlier reports on terrorists using e-wallets. She clarified Pakistan’s status. “Even after removing Pakistan from the grey list, its activities are still being watched,” she stated. Pakistan is not a direct FATF member. It is a member of the Asia-Pacific Group. Therefore, the follow-up is done through that group. She further clarified that being taken off the grey list is not a protection shield. It does not allow criminal activities in that country. FATF’s job is to monitor terror funding networks across the globe.
India’s ‘Operation Sindoor’ and Terror Response
India recently destroyed JeM strongholds during ‘Operation Sindoor’. Following this operation, terrorists turned to e-wallets. They started using them to gather funds while escaping FATF monitoring. This indicates a constant change in terrorism financing methods. Pakistan must stop terrorism activities.
