Defence Monitor

FATF evaluations

Pakistan’s billion-dollar seizure only photo-op ahead of new FATF evaluations: Report

Pakistan’s billion-dollar seizure only photo-op ahead of new FATF evaluations: Report

New Delhi, Oct 29 (IANS) Recently, Pakistan's Navy announced what it described as one of the largest narcotics seizures in its history - intercepting drugs worth nearly USD 1 billion aboard two dhows in the Arabian Sea. However, the billion dollar seizure turned out to be only a photo-op without any prosecutions, asset freezes or convictions, a report has detailed. As Pakistan is set to face a new round of evaluations by Financial Action Task Force (FATF), the questions remains whether it will implement systemic reform or only stage another encore on the high seas. The said operation was conducted…
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