Homeland Security

Pakistan raises punishment for terrorism financing

IRNA

Islamabad, Jan 10, IRNA -- Pakistan on Saturday approved amendments 
to the Anti Terrorist Act 1997, in the light of UN Security Council 
resolutions, raising the minimum and maximum punishment for offenses 
relating to financing of terrorism and making it a non-bailable 
offense, an official statement said. 
The amendments, approved by the cabinet, said that any individual 
or entity involved in financing of terrorism shall be punished with 
rigorous imprisonment for a term of four to ten years. 
"Financing of terrorism shall be a non-bailable offense," it 
added. 
According to the statement, societies and other institutions which
have a potential to act as conduits for such financing shall be 
obliged to establish bank accounts and maintain information about 
their employees and clients. Failing that they will face fine and 
revocation of license. 
TSH/AH/210 
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