Pakistan denies being ‘blacklisted’ by anti-terror body – Times of India


ISLAMABAD: Pakistan on Friday denied that it was “blacklisted” by Asia Pacific Group (APG), the regional affiliate for global watchdog on terror funding and money laundering, Financial Action Task Force (FATF). A statement issued by Pakistan’s finance ministry described as ‘incorrect and baseless’ media reports about Islamabad being ‘blacklisted’.
APG has put Pakistan in ‘enhanced expedited follow-up list’ and has also found that Islamabad was non-compliant on most of the parameters related to terror financing and money laundering.
In its Mutual Evaluation Report (MER), APG noted that the effectiveness of Pakistan’s Anti-Money Laundering and Combating Financing of Terrorism (AML/CFT) regimes were of low level.
The finance ministry’s statement said the APG meeting adopted Pakistan’s third MER on strengthening of AML/CFT safeguards that covered the period between February and October 2018.
The meeting identified a number of areas where further actions were required to strengthen the AML/CFT framework. However, the ministry clarified that the APG report does not cover the areas in which Pakistan has made substantial progress since October 2018.
“In line with APG’s Third Round Mutual Evaluation Procedures, Pakistan would be required to submit follow-up progress reports to APG on a quarterly basis,” the ministry said.
A delegation from Pakistan led by State Bank governor Dr Reza Baqir attended the meeting in Canberra.


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