Pakistan has deliberately left loopholes in small savings accounts to help financing terrorist groups, many of whom enjoy the patronage of the state Pakistan has deliberately left loopholes in small savings accounts to help financing terrorist groups, many of whom enjoy the patronage of the state to dodge the Financial Action Task Force (FATF) scrutiny. The FATF has been asking Pakistan to comply with international standards and rules of anti-money laundering and anti-terrorist financing laws and regulations. Fabien Baussart, writing in a blog post of The Times of Israel said that although Pakistan has complied with some of the conditions set by FATF, with great reluctance, there is one area which has not paid due care to plug the terrorist financing – small savings accounts. Small savings in Pakistan generate over Rs 4 trillion in over seven million accounts held by individuals, equal to 28 per cent of all bank deposits. The possibility of terrorist groups and individuals holdin...