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Pakistan in ‘enhanced blacklist’ by terror funding watchdog FATF
International

Pakistan in ‘enhanced blacklist’ by terror funding watchdog FATF

Agency News

Pakistan has been included in ‘enhanced blacklist’ by terror funding watchdog Financial Action Task Force (FATF) on Friday. In an earlier plenary meeting in June, FATF had warned Pakistan that it would be put in blacklist if the country that Pakistan had failed to meet targets for controlling terror financing.

The Asia-Pacific Group of FATF is a global watchdog for terror financing and money laundering. The FATF’s action to put Pakistan in the Enhanced Expedited Follow Up List (Blacklist) for its failure to meet its standards, officials said.

The Asia Pacific Group (APG) of the Financial Action Task Force (FATF) has also found that Pakistan was non-compliant on 32 of the 40 compliance parameters of terror financing and money laundering.