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| India-Pakistan |
| Pakistan's progress on FATF requirement termed unsatisfactory |
| 2018-10-21 |
| [DAWN] A delegation of the Asia-Pacific Group (APG) has expressed dissatisfaction over Pakistain’s progress to comply with international best practices against money laundering and counter-terror financing. Informed sources told Dawn that the APG delegation shared its final findings with the authorities of all relevant agencies, highlighting deficiencies in law, regulations and mechanisms and weaknesses of various institutions, and with this pace Pakistain was unlikely to get out of the grey list of the Gay Paree-based Financial Action Task Force (FATF). The visiting delegation’s Friday meeting was the culmination of its long consultations with the ministries of interior, finance, foreign affairs and law, the Securities and Exchange Commission of Pakistain (SECP), State Bank of Pakistain (SBP), National Counter-Terrorism Authority, Federal Investigation Agency (FIA), Federal Board of Revenue, National Accountability Bureau, Anti-Narcotics Force, Financial Monitoring Unit, Central Directorate of National Savings and provincial counter-terrorism departments. |
| Posted by:Fred |