New Delhi, International money laundering watchdog Financial Action Task Force (FATF) can anytime blacklist Pakistan for terror financing, Defence Minister Rajnath Singh said on Tuesday.
In August, the Asia Pacific Group of the FATF had put Pakistan in a terror ‘blacklist’ for its failure to curb funnelling of funds to groups responsible for attacks in India.
“International agency FATF can blacklist Pakistan for terror financing,” he said at the Defence Accounts Department Day event.
Paris-based FATF is an inter-governmental body that promotes effective implementation of legal, regulatory and operational measures for combating money laundering, terrorist financing and other related threats to the international financial system.
Singh observed that national security has become a multi-dimensional concept, economic, strength, food and energy security and environmental protection are its key aspects.
It is prudent for an emerging economy like India to have good financial management, Singh said.
“Our neighbour is a living example of financial mismanagement,” he said.
The Defence minister said excessive militarisation and focus on wrong policies without financial prudence have resulted in a situation that Pakistan Prime Minister Imran Khan was not able to make arrangements for a flight to attend a global event.