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.
Pakistan retained on enhanced follow-up list by FATF s regional body; here s what it means
Between October 2019 and February 2020, Pakistan reportedly carried out major legal reforms after enacting 14 federal laws and three provincial laws in total along with various relevant rules and regulations in the same regard.
Publish Date: Sat, 05 Jun 2021 02:34 PM IST
Sydney/ Islamabad | Jagran News Desk: Pakistan has been kept on “enhanced follow up” status by Sydney-based Asia Pacific Group on Money Laundering for its unfulfilled requirements on anti-money laundering and combating terror financing measures. Asia Pacific Group on Money Laundering is the regional arm of Paris-based global anti-terror financing and money laundering watchdog Financial Action Task Force (FATF), on whose regulatory list Pakistan continues to be on the grey list since June 2018.
FATF s Asia-Pacific Group acknowledges Pakistan s progress in fight against money laundering
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Pakistan added to the APG s follow-up list .
Meeting 21 recommendations in two years unprecedented Hammad Azhar.
The Financial Action Task Force s (FATF) Asia/Pacific Group on Money Laundering (APG) acknowledged Pakistan s progress to fight corruption in the Mutual Evaluation Report released Friday.
The purpose of the APG is to ensure the adoption, implementation, and enforcement of internationally accepted anti-money laundering and counter-terrorist financing standards as set out in the FATF Forty Recommendations and FATF Eight Special Recommendations.
The group said Pakistan had largely complied with 31 of FATF s 40 recommendations and now the country has been added to the APG s follow-up list .
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