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FATF – Pakistan Blocked
August 24 , 2019
1923 days
1525
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- Pakistan has been placed on the lowest rung or “blacklist” of the Financial Action Task Force’s Asia Pacific Group (APG).
- It has been placed in the list for non-compliance and non-enforcement of safeguards against terror financing and money laundering.
- The Financial Action Task Force (FATF) had already ‘grey listed’ Pakistan for failing to curb anti-terror financing.
- FATF has no investigative authority.
- The FATF blacklist or OECD blacklist has been issued by the Financial Action Task Force since 2000.
- Main objective of FATF is to fight against money laundering, terrorist financing and other related threats to the security and integrity of the international financial system.
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