Pakistan fails test
In a message conveyed to Pakistan, the FATF authorities have asserted that the country’s delisting will happen only after it complies with all the items on the agenda in both the action plans.
In a message conveyed to Pakistan, the FATF authorities have asserted that the country’s delisting will happen only after it complies with all the items on the agenda in both the action plans.
The report in question was submitted to the FATF during the Asia Pacific Group's (APG) annual meeting in Australia's Canberra from August 18 to 23.
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.
Elections for five non-permanent members of the 15-nation Council for the 2021-22 term will be held around June next year.
The APG delegation comprises experts from Britain's Scotland Yard, US Department of Treasury, Financial Intelligence Unit of Maldives, Indonesian Ministry of Finance, Peoples' Bank of China, and the Justice Department of Turkey.
