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Masood Azhar & family missing, Pak. tells financial watchdog FATF

  • IASbaba
  • February 17, 2020
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Masood Azhar & family missing, Pak. tells financial watchdog FATF

Part of: GS Prelims –Polity and GS-II- International organization

In news:

  • Pakistan has informed the  Financial Action Task Force (FATF) that Masood Azhar, founder of terror outfit Jaish-e-Mohammad (JeM), and his family are “missing”.
  • Listed as a designated terrorist by the United Nations Security Council 1267 Committee
  • The FATF is now reviewing Pakistan’s case to see if it fulfils the global standards criteria to combat terror-financing. 
  • The FATF is chaired by China.
  • JeM had claimed responsibility for the Pulwama terror attack on February 14 last year when 40 CRPF personnel were killed in a car bombing.

Timeline:

Daily Current Affairs IAS | UPSC Prelims and Mains Exam – 17th February 2020

Daily Current Affairs IAS | UPSC Prelims and Mains Exam – 17th February 2020

Src: the hindu

From Prelims Point of View:

FATF (Financial Action Task Force)

  • Established in 1989 by a Group of Seven (G-7) Summit in Paris
  • To examine and develop measures to combat money laundering.
  • Recently in 2012 it expanded its mandate to incorporate efforts to combat terrorist financing,
  • Secretariat is housed at the OECD headquarters in Paris. 

United Nations Security Council resolution 1267

  • Adopted unanimously on1999
  • the Council designated Osama bin Laden and associates as terrorists 
  • Established a sanctions regime to cover individuals and entities associated with Al-Qaida, Osama bin Laden and/or the Taliban wherever located

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