NEW DELHI: Noting the fact that Pakistan has improved its overall compliance in only two of the 40 FATF recommendations to curb the financing of terrorism and money laundering, a regional affiliate of the financial watchdog has kept the country on its “Enhanced Watch” list, according to Pakistani media reports.
A report in Dawn news on Monday said Pakistan’s first Mutual Evaluation Follow-up Report released by the Asia-Pacific Group (APG) underscored that the country’s progress on the 40 FATF recommendations on the effectiveness of the anti-money laundering and terrorist financing (AML / CFT) system remained largely unchanged: it does not comply in four respects , partially complies with 25 and largely complies with nine recommendations.
The APG report noted that Pakistan’s measures against money laundering and terrorist financing “are not yet sufficient to justify a new rating.”
The APG report was advanced to the FATF virtual plenary scheduled for October 21-23 during which it would decide whether Pakistan should be delisted from its gray list, based on a review of Islamabad’s performance to meet commitments and standards. global in the fight against money laundering. and financing of terrorism. India has repeatedly stated that Pakistan has done nothing to curb cross-border terrorism.
The FATF had placed Pakistan on its gray list in June 2018 and asked Islamabad to implement an action plan by the end of 2019, but the deadline was later extended due to Covid-19. pandemic.
On video: Pakistan complies with only 2 out of 40 FATF directives
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