Global Terror Funding Watchdog Retains Pak On "Enhanced Follow-Up" List

Pakistan is now compliant or largely compliant with 31 out of 40 FATF recommendations.

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. The Asia Pacific Group (APG) is a regional affiliate of the FATF. The second Follow-Up Report (FUR) on Mutual Evaluation of Pakistan released by the APG also downgraded the country on one criteria. The report said Pakistan was re-rated to 'compliant' status on five counts and on 15 others to 'largely compliant'' and on yet another count to 'partially compliant'.