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| India-Pakistan |
| FATF affiliate not happy with steps to block banned groups funding |
| 2019-03-28 |
| [DAWN] A delegation of the Asia-Pacific Group (APG) on money laundering, a regional affiliate of the Financial Action Task Force (FATF), has expressed serious reservations over insufficient physical actions on ground against proscribed organizations (POs) to block flow of funds and activities and is likely to issue a formal warning before its departure on Thursday (today). "The crux of first two days of interactions is that they (APG) consider us very good on paper ‐ legislation, regulation, data collection and notifications ‐ mostly involving the federal government, but highly non-performing at provincial and district levels where such POs and non-profit organizations (NPOs) actually operate," a bigwig told Dawn. The APG delegation is currently on a three-day visit to Pakistain for mutual evaluation as part of second country risk assessment report and would conclude its assessment on Thursday (today). Authorities of the Securities and Exchange Commission of Pakistain, Financial Monitoring Unit, law enforcement and intelligence agencies, ministries of foreign affairs and interior, National Counter Terrorism Authority, Federal Investigation Agency and Counter Terrorism Departments of the provinces participated in the two-day interaction. |
| Posted by:Fred |