Pakistan’s financial regulatory body today banned Hafiz Saeed-led Jamaat-ud Dawa and Falah-i-Insaniat Foundation from collecting donations, according to a media report.
The Securities and Exchange Commission of Pakistan (SECP) prohibited the collection of donations by the JuD, as well as several other such organisations named in a list of banned outfits by the UN Security Council, the Dawn reported.
“The Securities and Exchange Commission of Pakistan hereby prohibits all companies from donating cash to the entities and individuals listed under the UNSC sanctions committee’s consolidated list,” read a notification issued by the commission.
In addition to JuD, the list also includes LeT itself, the Falah-i-Insaniat Foundation (FIF), the Paasban-i-Ahle- Hadith and Pasban-i-Kashmir, among others, the paper said.
The SECP notification further warned that non-compliance with the said ruling could result in a hefty monetary fine.
“The Government of Pakistan has already prescribed a penalty of up to Rs 10 million for non-compliance on the sanctions regime being implemented,” it said.