| Submit your comments on this article |
| India-Pakistan |
| SBP asks banks not to open accounts of members of banned organisations |
| 2009-03-25 |
| The State Bank of Pakistan (SBP) has issued a list of members of banned outfits and ordered all banks to scrutinise the list before opening accounts or transferring money, sources told Daily Times on Tuesday. A bank official, seeking anonymity, said the purpose of the list was to stop the banned outfits from operating their accounts and transferring money. However, people would face delays in opening accounts or transferring money, as it would take time to scrutinise the list, he added. SBP spokesman Syed Waseemuddin said Pakistan was bound to follow the instructions of the United Nations, which had banned several religious outfits for their alleged involvement in terrorism. He said the list, provided by the UN, was regularly updated. Last year, the United Nations Security Council had placed sanctions against Jamatud Dawa, a front organisation for Lashkar-e-Taiba (LT), declaring it a terrorist organisation. The council panel has designated four men linked to the Mumbai attacks as terrorists subject to sanctions. The four men are believed to hold leadership positions in the LT that India accuses of orchestrating the November 2008 attacks that left over 180 dead in Mumbai. The Security Council's Al Qaeda and Taliban sanctions committee added them to its list of terrorists subject to the assets freeze, travel ban and arms embargo under a council resolution adopted in 2008. |
| Posted by:Fred |