FATF retains Pak on ‘enhanced follow-up’ checklist


Islamabad, June 5

The Asia Pacific Group on Money Laundering has retained Pakistan on “enhanced follow-up” status for outstanding requirements, and Islamabad will continue to report back to it on the country’s progress to strengthen its implementation of anti-money laundering and combating financing terror measures, according to a media report on Saturday.

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 APG is a regional affiliate of the FATF. The second Follow-Up Report (FUR) on Mutual Evaluation of Pakistan released by the APG also downgraded the country on one criteria. The report said Pakistan was re-rated to ‘compliant’ status on five counts and on 15 others to ‘largely compliant’ and on yet another count to ‘partially compliant’. — PTI



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