Hafiz Saeed and his two aides - Zafar Iqbal and Yahya Mujahid - have been sentenced to 10-and-a-half years each, while his brother-in-law Abdul Rehman Makki has been sentenced to six-month imprisonment.
The FATF in October last decided to keep Pakistan on its 'Grey' list for failure to curb funnelling of funds to terror groups Lashkar-e-Taiba, Jaish-e-Mohammed and others.
Without naming Pakistan, the FATF said in a statement that terrorists use various methods to gain financing, including using social media to identify new followers and to solicit financial or other forms of material support.
The Lahore anti-terrorism court has sentenced the man to imprisonment for five-and-a-half years and a fine of Rs 15,000 in each of the two cases.
“We have seen media reports that a court in Pakistan has sentenced UN-designated and internationally proscribed terrorist Hafiz Saeed in terror financing case. It is part of a long-pending international obligation of Pakistan to put an end to support for terrorism,” sources in the government said.
The anti-terror financing body-FATF had, in October last year, warned Pakistan of strong action if it fails to take measures on terror financing and money laundering by February 2020.
In July last, the Counter-Terrorism Department (CTD) of the Punjab Police had registered 23 FIRs against Saeed and his 12 accomplices on charges of 'terror financing' in different cities of Punjab province and arrested the JuD chief.
The two countries also asked Pakistan to take concerted action against all terrorist networks, including al-Qaeda, ISIS, Lashkar-e-Taiba, Jaish-e-Mohammad, Haqqani Network, Hizb-ul Mujahideen, Tehreek-e-Taliban Pakistan and D-Company of underworld don Dawood Ibrahim.
The development comes after Financial Action Task Force (FATF) warned Pakistan of blacklisting it in October this year.
'Dark Grey' means the issuance of a strong warning so that the country concerned gets one last chance to improve.
