Paris: The Financial Action Task Force (FATF) on Wednesday urged its member states to criminalise financing of terror-related travels.
Dawn has quoted that in the guidelines issued, the task force has instructed member states to “criminalise the financing of travel for the purpose of the penetration, planning, preparation of or participation in terrorist acts or providing or receiving terrorist training”.
The Paris based watchdog has strictly directed the member states to identify and take measures to tackle the problem of strategic deficiencies for terrorist financing.
“Global safeguards to combat terrorist financing are only as strong as the jurisdiction with the weakest measures,” the statement read.
“Countries must make it a priority to understand the risks they face from terrorist financing and develop policy responses to all aspects of it”, it added.