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

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

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