Big Blow To Pakistan As FATF Asia-Pacific Group Puts It In 'Enhanced Blacklist'
Pakistan was also found non-compliant on 32 of the 40 compliance parameters of terror financing and money laundering.
During the FATF APG meeting held in Canberra, Australia where the discussions lasted over seven hours over two days, Pakistan was also found non-compliant on 32 of the 40 compliance parameters of terror financing and money laundering by the Asia Pacific Group (APG) of the Financial Action Task Force (FATF)
"The APG has placed Pakistan in the Enhanced Expedited Follow Up List (Black List) for failure to meet its standards," an Indian official privy to the development said.
On 11 effectiveness parameters of terror financing and money laundering, Pakistan was adjudged as low on 10. The official said despite its efforts, Pakistan could not convince the 41-member plenary to upgrade it on any parameter.
Now, Pakistan has to focus on avoiding the blacklist in October, when the 15-month timeline ends on the FATF's 27-point action plan, another official said.
WATCH : FATF Asia-Pacific Group Puts Pakistan in 'Enhanced Blacklist'
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