Pakistan cracks down on terrorist financiers tightens anti-terrorism act and introduces new laws after amending Pakistan’s penal code
The government introduced legislation against terrorist financiers in light of FATF directives
According to the details the federal government is making efforts to remove Pakistan from the gray list for which the government has introduced amendments in the Anti-Terrorism Act and Penalties in Pakistan. In the light of FATF directives, the government has provided financial assistance to terrorists. Laws have been introduced for those who help. Under the amendments made to the Anti-Terrorism Act and the Penal Code of Pakistan the arms licenses of those included in Schedule IV will be revoked and no person or entity will lend to those included in Schedule 4.
Under the amendment a person who lends money to a suspected terrorist will be fined Rs. 25 million and a person who lends money to a suspected terrorist will be fined Rs. 50 million while a person will be fined Rs. There will also be fines. Sources said that after the amendment in the Anti-Terrorism Act and the Penal Code of
Pakistan the movable and immovable property of the banned organization or its representative will be frozen and if the property is not verified the property will be foreclosed outside the jurisdiction. Assets frozen under the amendment A gazette notification will also be issued and amendments to the Anti-Terrorism Act will be passed by the Senate
