FATF Affiliate Exposes Pakistan’s False Claims on Countering Terror

The Asia Pacific Group (APG) on Money Laundering, the regional affiliate of the Financial Action Task Force (FATF), has found that Pakistan has failed to take enough action to stop terror financing by the country, according to a report made public by the group this week. The report was adopted by the APG in September, but was released this week. With Pakistan achieving “significant deficiencies” on both “effectiveness ratings” and “technical compliance ratings”, the chances of Pakistan being put on the “black-list” may have increased. The FATF had placed Pakistan on its “grey list” in June 2018, giving the country a 15-month deadline to implement its 27-point action plan, a deadline which ended last month. The final review of Pakistan will likely be taken up at the next meeting of the FATF in Paris between 13 and 18 October.Read More…