June 6, 2021 8:46 AM

printer

Global terror funding watchdog FATF retains Pakistan on "enhanced follow-up" list

Asia Pacific Group (APG) of global terror funding watchdog – FATF has retained Pakistan on "enhanced follow-up" list. According to media reports, Islamabad will continue to report back to Asia Pacific Group on Money Laundering on the country's progress to strengthen its implementation of anti-money laundering and combating financing terror measures. <br />'' <br />''Pakistan was put on the grey list by the Paris-based Financial Action Task Force (FATF) in June 2018 and the country has been struggling to come out of it. The Asia Pacific Group (APG) is a regional affiliate of the FATF.<br />'' <br />''The second Follow-Up Report on Mutual Evaluation of Pakistan released by the APG also downgraded the country on one criteria.<br />'' <br />''<span style="color: #222222;">Pakistan is now compliant or largely compliant with 31 out of 40 FATF recommendations.</span><br />

Most Read
View All arrow-right

No posts found.