ISLAMABAD: The Asia Pacific Group, a regional body of FATF, in its second Mutual Evaluation Report , found that out of 40 recommendations, Pakistan has been declared compliant or largely compliant.
FATF s regional body retains Pakistan on enhanced follow-up for sufficient outstanding requirements
The country is partially compliant with seven recommendations and non-compliant with two out of a total 40 recommendations.
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ISLAMABAD: The Asia Pacific Group on Money Laundering has retained Pakistan on enhanced follow-up status for outstanding requirements, and Islamabad will continue to report back to it on the country s progress to strengthen its implementation of anti-money laundering and combating financing terror measures, according to a media report on Saturday.
Pakistan was put on the grey list by the Paris-based Financial Action Task Force (FATF) in June 2018 and the country has been struggling to come out of it.
Uniindia: Islamabad, Jun 5 (UNI) Financial Action Task Force s (FATF) Asia Pacific Group (APG) has retained Pakistan on "enhanced follow-up" status after releasing it second follow-up report.
Pakistan retained on enhanced follow-up list by FATF s regional body; here s what it means
Between October 2019 and February 2020, Pakistan reportedly carried out major legal reforms after enacting 14 federal laws and three provincial laws in total along with various relevant rules and regulations in the same regard.
Publish Date: Sat, 05 Jun 2021 02:34 PM IST
Sydney/ Islamabad | Jagran News Desk: Pakistan has been kept on “enhanced follow up” status by Sydney-based Asia Pacific Group on Money Laundering for its unfulfilled requirements on anti-money laundering and combating terror financing measures. Asia Pacific Group on Money Laundering is the regional arm of Paris-based global anti-terror financing and money laundering watchdog Financial Action Task Force (FATF), on whose regulatory list Pakistan continues to be on the grey list since June 2018.