Poket News

FATF's Asia Pacific Group keeps Pakistan on ‘enhanced follow-up list’

 

  • In a major setback to Pakistan, the Financial Action Task Force's Asia Pacific Group on Money Laundering has reprimanded the South-Asian country for its slow progress on the technical recommendations of the FATF to fight terror financing.
  • Earlier, Pakistan had requested for its ratings pertaining to targeted financial sanctions on terrorism and terrorist financing to be revised.
  • The APG stated that the insufficient progress made by the country fails to justify a re-rating.