Terrorism finance group gives mixed report on Pakistan's progress

Pakistan Forward

ISLAMABAD -- A report published by the Asia Pacific Group (APG) Sunday (October 6) gave a mixed review of Pakistan's progress in fighting money laundering and terrorism financing.

The APG is a regional affiliate of the Financial Action Task Force (FATF), a global terrorism financing watchdog that placed Pakistan on its grey list in June.

According to the report, Pakistan was "non-compliant" on four out of 40 recommendations of the APG, "partially compliant" on 26 recommendations and "largely compliant" on nine others.

The country was fully "compliant" on one recommendation regarding financial institution secrecy laws.

The APG report comes a week ahead of the FATF's review meetings in Paris October 13-18 that will determine whether Pakistan remains on the grey list.

Do you like this article?

0 Comment(s)
Comment Policy * Denotes required field 1500 characters remaining (1500 max)