The Ministry of Finance on Friday (August 23) rejected reports in the Indian media stating that Pakistan had been blacklisted by the Asia Pacific Group (APG) of the Financial Action Task Force (FATF).
“Media reports circulating about Pakistan being blacklisted by APG are incorrect and baseless,” a spokesperson from the ministry said, adding that a press release would follow shortly.
The APG in its meeting during the week of 18-23 August adopted Pakistan’s third mutual evaluation report. A statement by the APG read, “during the week, APG members adopted six significant mutual reports. The reports – for China, Chinese Taipei, Hong Kong, Pakistan, the Philippines and Solomon Islands – were analysed and discussed in detail over two full days and will now be subject to post-plenary quality and consistency review prior to publication. Final publication on the APG website is expected in early October 2019.”
According to India media, Asia-Pacific Group of the global watchdog for terror financing and money laundering has put Pakistan in the Enhanced Expedited Follow Up List (Blacklist) for its failure to meet its standards. The Asia Pacific Group (APG) of the Financial Action Task Force (FATF) has also found that Pakistan was non-compliant on 32 of the 40 compliance parameters of terror financing and money laundering.
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16 November, 2019