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".