Uncategorized

FATF to decide today whether Pakistan stays in ‘grey list’

Asia Pacific Group (APG) of global terror funding watchdog – Financial Action Task Force, FATF will be deciding on whether Pakistan stays in the ‘grey list’ in its plenary session on Friday.

 

Pakistan was put on the grey list by the Paris-based FATF in June 2018 and the country has since been struggling to come out of it. The Asia Pacific Group (APG) is a regional affiliate of the FATF. The second Follow-Up Report on Mutual Evaluation of Pakistan released by the APG also downgraded the country on one criterion.

Earlier this month, FATF retained Pakistan on “enhanced follow-up” list. According to media reports, Islamabad continued 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.

Pakistan’s Dawn newspaper had reported that overall, Pakistan is now fully compliant with seven recommendations and ‘largely compliant with 24 others. The country is ‘partially compliant with seven recommendations and non-compliant with two out of a total 40 recommendations.

 

The Dispatch is present across a number of social media platforms. Subscribe to our YouTube channel for exciting videos; join us on Facebook, Intagram and Twitter for quick updates and discussions. We are also available on the Telegram. Follow us on Pinterest for thousands of pictures and graphics. We care to respond to text messages on WhatsApp at 8082480136 [No calls accepted]. To contribute an article or pitch a story idea, write to us at [email protected] |Click to know more about The Dispatch, our standards and policies   

About the author

Avatar photo

The Dispatch Staff

Add Comment

Click here to post a comment