Islamabad: A regional affiliate of the Financial Acton Task Force (FATF) has retained Pakistan on the ”Enhanced Follow-up” list and asked the country to strengthen its implementation of anti-money laundering and combating terror financing measures. The FATF Asia Pacific Group on Friday released a second Follow up Report (FUR) on the Mutual Evaluation of Pakistan on the compliance of 40 technical recommendations. The report said Pakistan was re-rated to ‘compliant’ status on five counts and on 15 others to ‘largely compliant’ and on yet another count to ‘partially compliant.
Worth mentioning here is that FATF had placed Pakistan on the grey list in June 2018 and since then, it can’t seem to find a way out of it.
