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The Hindu
an hour ago
- Business
- The Hindu
FATF report links dual-use cargo seized by India in 2020 to Pakistan missile agency
A dual-use equipment seized by India from a Pakistan-bound merchant vessel in 2020 is linked to Islamabad's National Development Complex, which is involved in the country's missile development programme, a new report by the Financial Action Task Force (FATF), the global anti-terror financing watchdog, has said. The report listed the case under a section on the misuse of the maritime and shipping sectors, including to transport a range of commodities, including dual-use equipment. 'In 2020, Indian Customs authorities seized an Asian-flagged ship bound for Pakistan. During an investigation, Indian authorities confirmed that documents mis-declared the shipment's dual-use items,' the FATF report said. 'Indian investigators certified the items for shipment to be 'autoclaves', which are used for sensitive high-energy materials, and for insulation and chemical coating of missile motors,' the report said. It said these sensitive items are included in dual-use export control lists of the Missile Technology Control Regime (MTCR). The bill of lading of the seized cargo provided evidence of the 'link between the importer and the National Development Complex, which is involved in the development of long-range ballistic missiles', it said. The export of equipment such as autoclaves without formal approval from various authorities is a violation of the existing law, the FATF said. Pakistan's National Development Complex (NDC) has played a crucial role in the development of Pakistan's missile programme. India seized the dual-use equipment from merchant vessel Da Cui Yun at Kandla port in Gujarat on February 3, 2020. Loopholes The report noted significant vulnerabilities in the global financial system in countering the financing of weapons of mass destruction (WMD). "Despite the grave threat posed by proliferation financing, only 16 per cent of countries assessed by the FATF and its global network have demonstrated high or substantial effectiveness" in a process that evaluates the implementation of targeted financial sanctions under the United Nations Security Council resolutions on proliferation. The report said that unless the public and private sectors urgently bolster technical compliance and effectiveness, those seeking to finance WMD proliferation will continue to exploit weaknesses in the existing controls. The report provided a detailed analysis of the evolving methods and techniques used to evade proliferation financing-related sanctions. 'Illicit actors are employing increasingly sophisticated methods to evade sanctions and circumvent export controls,' it said.
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First Post
5 hours ago
- Business
- First Post
FATF links dual-use equipment seized by India to Pakistan's missile programme
A dual use equipment seized by India from a Pakistan bound merchant vessel in 2020 is linked to Islamabad's National Development Complex that is involved in the country's missile development programme, a new report by the Financial Action Task Force has said. read more India's 2020 seizure of Pakistan-bound dual-use equipment has been linked to Islamabad's missile development programme, according to a new report by the Financial Action Task Force (FATF). The equipment, intercepted from a merchant vessel is associated with Pakistan's National Development Complex, a key entity involved in the country's missile development. FATF, the global financial watchdog, referenced the case in its latest report, which outlines risks and vulnerabilities in the international financial and trade systems. The incident was cited under a section highlighting the misuse of the maritime and shipping sectors to move sensitive goods, including dual-use items that can be repurposed for weapons programmes. STORY CONTINUES BELOW THIS AD 'In 2020, Indian custom authorities seized an Asian-flagged ship bound for Pakistan. During an investigation, Indian authorities confirmed that documents mis-declared the shipment's dual-use items,' the FATF report said. 'Indian investigators certified the items for shipment to be 'Autoclaves', which are used for sensitive high energy materials and for insulation and chemical coating of missile motors,' the report said. It said these sensitive items are included in dual-use export control lists of the Missile Technology Control Regime (MTCR). The bill of lading of the seized cargo provided evidence of the 'link between the importer and the National Development Complex, which is involved in the development of long-range ballistic missiles,' it said. The export of equipment such as the autoclaves without formal approval from various authorities is a violation of existing law, the FATF said. Pakistan's National Development Complex (NDC) has played a crucial role in the development of Pakistan's missile programme. India had seized the dual-use equipment from merchant vessel Da Cui Yun at Kandla port in Gujarat on February 3, 2020. The Indian customs authorities had stopped the vessel for wrongly declaring an autoclave, which can be used in construction of missiles, as an 'industrial dryer'. The report said that significant vulnerabilities remain across the global financial system in countering the financing of weapons of mass destruction (WMD). STORY CONTINUES BELOW THIS AD 'Despite the grave threat posed by proliferation financing (PF), only 16 per cent of countries assessed by the FATF and its global network have demonstrated high or substantial effectiveness' in a process that evaluates the implementation of targeted financial sanctions under the United Nations Security Council resolutions on proliferation. The report said that unless the public and private sectors urgently bolster technical compliance and effectiveness, those seeking to finance WMD proliferation will continue to exploit weaknesses in existing controls. The report provided a detailed analysis of the evolving methods and techniques used to evade PF-related sanctions. 'Illicit actors are employing increasingly sophisticated methods to evade sanctions and circumvent export controls,' it said. With inputs from agencies
Time of India
6 hours ago
- Business
- Time of India
FATF report links dual-use equipment seized by India in 2020 to Pakistan's defence agency
India confiscated equipment from a ship bound for Pakistan in 2020. The equipment is linked to Pakistan's National Development Complex. This complex is involved in missile development. The Financial Action Task Force report highlighted this seizure. The report also pointed out vulnerabilities in preventing weapons proliferation. The seized items were mis-declared as industrial dryers. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads New Delhi: A dual-use equipment seized by India from a Pakistan-bound merchant vessel in 2020 is linked to Islamabad's National Development Complex that is involved in the country's missile development programme, a new report by the Financial Action Task Force (FATF) has seizure of the dual-use equipment used in developing missiles found mention in the report by the multilateral financial watchdog that highlighted vulnerabilities in the global financial report listed the case under a section on the misuse of the maritime and shipping sectors including to transport a range of commodities, including dual-use equipment."In 2020, Indian custom authorities seized an Asian-flagged ship bound for Pakistan. During an investigation, Indian authorities confirmed that documents mis-declared the shipment's dual-use items," the FATF report said."Indian investigators certified the items for shipment to be 'Autoclaves', which are used for sensitive high energy materials and for insulation and chemical coating of missile motors," the report said these sensitive items are included in dual-use export control lists of the Missile Technology Control Regime (MTCR).The bill of lading of the seized cargo provided evidence of the "link between the importer and the National Development Complex, which is involved in the development of long-range ballistic missiles," it export of equipment such as the autoclaves without formal approval from various authorities is a violation of existing law, the FATF National Development Complex (NDC) has played a crucial role in the development of Pakistan's missile had seized the dual-use equipment from merchant vessel Da Cui Yun at Kandla port in Gujarat on February 3, Indian customs authorities had stopped the vessel for wrongly declaring an autoclave, which can be used in construction of missiles, as an "industrial dryer".The report said that significant vulnerabilities remain across the global financial system in countering the financing of weapons of mass destruction (WMD)."Despite the grave threat posed by proliferation financing (PF), only 16 per cent of countries assessed by the FATF and its global network have demonstrated high or substantial effectiveness" in a process that evaluates the implementation of targeted financial sanctions under the United Nations Security Council resolutions on report said that unless the public and private sectors urgently bolster technical compliance and effectiveness, those seeking to finance WMD proliferation will continue to exploit weaknesses in existing report provided a detailed analysis of the evolving methods and techniques used to evade PF-related sanctions."Illicit actors are employing increasingly sophisticated methods to evade sanctions and circumvent export controls," it said.
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Business Standard
7 hours ago
- Business
- Business Standard
FATF links Pak missile tech to dual-use cargo seized by India in 2020
A dual-use equipment seized by India from a Pakistan-bound merchant vessel in 2020 is linked to Islamabad's National Development Complex that is involved in the country's missile development programme, a new report by the Financial Action Task Force (FATF) has said. India's seizure of the dual-use equipment used in developing missiles found mention in the report by the multilateral financial watchdog that highlighted vulnerabilities in the global financial system. The report listed the case under a section on the misuse of the maritime and shipping sectors including to transport a range of commodities, including dual-use equipment. "In 2020, Indian custom authorities seized an Asian-flagged ship bound for Pakistan. During an investigation, Indian authorities confirmed that documents mis-declared the shipment's dual-use items," the FATF report said. "Indian investigators certified the items for shipment to be 'Autoclaves', which are used for sensitive high energy materials and for insulation and chemical coating of missile motors," the report said. It said these sensitive items are included in dual-use export control lists of the Missile Technology Control Regime (MTCR). The bill of lading of the seized cargo provided evidence of the "link between the importer and the National Development Complex, which is involved in the development of long-range ballistic missiles," it said. The export of equipment such as the autoclaves without formal approval from various authorities is a violation of existing law, the FATF said. Pakistan's National Development Complex (NDC) has played a crucial role in the development of Pakistan's missile programme. India had seized the dual-use equipment from merchant vessel Da Cui Yun at Kandla port in Gujarat on February 3, 2020. The Indian customs authorities had stopped the vessel for wrongly declaring an autoclave, which can be used in construction of missiles, as an "industrial dryer". The report said that significant vulnerabilities remain across the global financial system in countering the financing of weapons of mass destruction (WMD). "Despite the grave threat posed by proliferation financing (PF), only 16 per cent of countries assessed by the FATF and its global network have demonstrated high or substantial effectiveness" in a process that evaluates the implementation of targeted financial sanctions under the United Nations Security Council resolutions on proliferation. The report said that unless the public and private sectors urgently bolster technical compliance and effectiveness, those seeking to finance WMD proliferation will continue to exploit weaknesses in existing controls. The report provided a detailed analysis of the evolving methods and techniques used to evade PF-related sanctions. "Illicit actors are employing increasingly sophisticated methods to evade sanctions and circumvent export controls," it said.
Hindustan Times
11 hours ago
- Business
- Hindustan Times
FATF cites India's seizure of dual-use tech from Pak-bound ship in new report
New Delhi: The Financial Action Task Force (FATF) has highlighted India's seizure of dual-use equipment used in developing missiles from a Pakistan-bound merchant vessel in 2020 in a new report flagging vulnerabilities in the global financial system for countering the financing of weapons of mass destruction (WMDs). The stopping of the Pakistan-bound ship and the seizure of dual-use equipment cited in the FATF report was widely reported by the Indian media, including Hindustan Times, when it happened in February 2020. (PTI File Photo) The report from the multilateral financial watchdog listed the incident involving Pakistan among six case studies in a section covering the misuse of the maritime and shipping sectors, including a vast network of vessels, ports and logistics, by illicit actors to evade sanctions and transport a range of commodities, including dual-use equipment. The stopping of the Pakistan-bound ship and the seizure of dual-use equipment cited in the FATF report was widely reported by the Indian media, including Hindustan Times, when it happened in February 2020. However, some aspects of the incident mentioned in the FATF report - such as the fact that the importer of the cargo was linked to Pakistan's National Development Complex, which is involved in the country's missile development programme - haven't been reported before. The FATF listed the incident as one of 'non-declaration of dual use goods under the prescribed export laws of the exporting country'. Though the FATF didn't name the exporting country, the ship was stopped in Indian waters while on its way from China's Jiangyin port to Pakistan's Karachi port. 'In 2020, Indian custom authorities seized an Asian-flagged ship bound for Pakistan. During an investigation, Indian authorities confirmed that documents mis-declared the shipment's dual-use items,' the FATF report said. 'Indian investigators certified the items for shipment to be 'Autoclaves', which are used for sensitive high energy materials and for insulation and chemical coating of missile motors,' the report said, adding that these sensitive items are included in dual-use export control lists of the Missile Technology Control Regime (MTCR), India and other countries. The report said the bill of lading of the seized cargo 'provided evidence of the link between the importer and the National Development Complex, which is involved in the development of long-range ballistic missiles'. The export of equipment such as the autoclaves without formal approval from various authorities is a violation of existing law, the FATF said. The National Development Complex (NDC), also known as the National Defence Complex, is a defence and aerospace agency under Pakistan's defence ministry. It has played a crucial role in the development of Pakistan's missile programme. HT had reported last month that a NDC facility at Attock in Pakistan's Punjab province that builds transporter-erecter-launcher vehicles for missiles was among military installations targeted by Indian drones on May 8 during hostilities between the two countries. HT had reported that the merchant vessel Da Cui Yun, which sails under the flag of Hong Kong, was stopped by India's customs department at Kandla port in Gujarat on February 3, 2020, for wrongly declaring an autoclave, which can be used in construction of missiles, as an 'industrial dryer'. At the time, the vessel was sailing from the Chinese inland port of Jiangyin to Port Qasim in Karachi. Indian authorities intercepted the vessel when it dropped anchor at Kandla following an intelligence tip-off. Experts from the Defence Research and Development Organisation (DRDO), including a team of nuclear scientists, examined the cargo and determined that the 18x4-metre autoclave – a pressure chamber for carrying out various industrial and scientific processes - was a dual-use item that could be used for civilian or military purposes. The vessel was allowed to leave Kandla after the autoclave was seized. Reports at the time had suggested that the Da Cui Yun had sailed several times from China to Karachi via Indian ports carrying several cargoes of machinery. The FATF report said despite the 'grave threat posed by proliferation financing', only 16% of countries assessed by the watchdog and its global network have demonstrated high or substantial effectiveness in a process that evaluates the implementation of targeted financial sanctions under the United Nations Security Council resolutions on proliferation. The report said that unless the public and private sectors 'urgently bolster technical compliance and effectiveness, those seeking to finance WMD proliferation will continue to exploit weaknesses in existing controls'. The report highlighted the evolving methods and techniques used to evade sanctions related to proliferation financing and national and multilateral regime, and outlined how proliferation networks are sourcing dual-use goods, technologies, and knowledge - often through procurement networks and front companies - and using various financial channels to access the global financial system. The report listed the misuse of the maritime and shipping sectors as one of four main methods used to evade sanctions.
