Pakistani Terror Finance Bill Would Mean Few Changes in Money Flows, Say Analysts

By Brian Monroe

A counterterrorism financing bill under consideration by Pakistani lawmakers may do little to staunch money flows in the region that end up in the hands of terror groups, say analysts. On Tuesday, Pakistan's National Assembly Standing Committee on Finance approved a bill that would criminalize funding terrorism and expand the legal definition of "financial institution" to include any entity that deposits, lends or transfers money, according to a report Tuesday by the Associated Press. Pakistan, which was singled out by the Paris-based Financial Action Task Force in February and again last month for lax financial crime laws, also reapproved anti-money...