Pakistan blacklisted by FATF subgroup for terror funding

Pakistani Prime Minister Imran Khan addresses Kashmir's Legislative Assembly on the occasion of Pakistan's Independence Day, in Muzaffarabad, capital of Pakistani Kashmir, Wednesday, Aug. 14, 2019. Khan assured Kashmiri people living in the Indian-administered part of the divided region that he supports them in their struggle for self-determination. He condemned New Delhi's decision to downgrade Kashmir's status.Photo/M.D. Mughal)
New Delhi, The Asia-Pacific Group of the Financial Action Task Force (FATF), the global watchdog for terror financing and money laundering, has placed Pakistan in the "Enhanced Expedited Follow Up List (Blacklist)" for its failure to meet its standards.

In its meeting in Canberra, the APG found that Pakistan was non-compliant on 32 of the 40 compliance parameters of terror financing and money laundering, officials said.

On 11 effectiveness parameters Pakistan was adjudged as low as 10.

The FATF APG discussions lasted over seven hours over two days.
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