Hafiz Muhammad Saeed, a United Nations designated terrorist operating from Pakistan, is allegedly the co-founder of Lashkar-e-Taiba and heads the Jamaat-ud-Dawa, both of which have been declared terrorist organizations by the US.
The meeting of the Financial Action Task Force is set to meet in Paris on February 18.
Islamabad, which denies assisting militants in Afghanistan and India, has reacted angrily to USA threats of further punitive measures.
Did FATF lead the Hafiz Saeed decision?
In January, the Securities and Exchange Commission of Pakistan issued a notification to all companies, prohibiting them from donating money to the entities and individuals listed under the United Nations sanctions committee's consolidated list.More news: Here's How Bollywood Is Celebrating Valentine's Day
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The organisation in its last plenary meeting, held in November in Argentina's capital Buenos Aires, had instructed Pakistan to submit a compliance report on the action it took against Lashkar-e-Toiba and Jamaat-ud-Dawah at the upcoming plenary in Paris. It provokes children from parts of Pakistan and Kashmir to join the terror-group and take-home pay a jihad against India and the United States.
Hafiz Saeed, who has been "protected" until now, has been finally declared as a terrorist.
The UN Security Council had banned these groups, and the ordinance will enable Islamabad to seal the offices of these groups. Will Pakistan go as far as actually arresting Saeed and trying him for his crimes, including the attack on Mumbai? The amendments state that entities sanctioned by the UN Security Council will be proscribed in Pakistan on an "ex parte basis". Critics say previous such efforts have faded once pressure onPakistan eased.
The federal government on Wednesday issued a notification to take over the assets of the Jamaat-ud-Dawa and the Falah-i-Insaaniyat Foundation (FIF). The amends made in the Ordinance will clear any ambiguity about the nature of crimes that have been committed by Hafiz Saeed, and other organizations, thus, making it impossible for the terrorist to escape justice. "It's a very intrusive process and.we are happy to work with them, but while we are being given mutual evaluation, it makes no sense for us to be now put on the watchlist", Ismail said.