ISLAMABAD: The Securities & Exchange Commission of Pakistan (SECP) on Monday prohibited the collection of donations by Hafiz Saeed’s Jamaatud Dawa (JuD), the charity wing of banned outfit Lashkar-e-Taiba, as well as several other such organisations named in a list of banned outfits by the United Nations Security Council (UNSC).
“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 UNSC’s list also includes Lashkar-e-Taiba itself, the Falahe Insaniat Foundation, the Paasban-i-Ahle-Hadith and Pasban-i-Kashmir, among others.
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 Rs10 million for non-compliance on the sanctions regime being implemented,” it said.
In early 2017, the federal government had launched a crackdown against JuD, placing Saeed under house arrest.
However, Saeed was released in November after the Lahore High Court refused to extend the period of his confinement. INP
