In a major setback to Pakistan, the Financial Action Task Force's (FATF's) Asia Pacific Group (APG) on Money Laundering has reprimanded the South-Asian country for its slow progress on the technical recommendations of the FATF to fight terror financing.<br />''<br />''Earlier, Pakistan had requested for its ratings pertaining to targeted financial sanctions on terrorism and terrorist financing to be revised.<br />''<br />'' The APG stated that the insufficient progress made by the country fails to justify a re-rating.<br />''<span style="color: #222222;"><br />''The APG said, Pakistan will remain in the enhanced follow-up list and will have to continue to report back to the APG on progress to strengthen its implementation of comprehensive Anti-money Laundering and Terrorist Financing measures.</span><br />
News On AIR | October 12, 2020 9:25 PM
FATF's Asia Pacific Group keeps Pakistan on 'enhanced follow-up list' for slow progress against terror financing