Asia-Pacific Group keeps Pakistan enhanced follow-up list

ISLAMABAD: The Asia-Pacific Group (APG) on Money Laundering has held Pakistan on its “Upgraded Follow-Up” list for a small advancement on specialized proposals of the Financial Action Task Force (FATF) to battle tax evasion and dread financing.

The main Follow-Up Report (FUR) on Mutual Evaluation of Pakistan delivered by APG — a territorial offshoot of the Paris-based FATF — demonstrated Pakistan improving its full consistence on two of the 40 FATF proposals on the adequacy of against tax evasion and fighting financing dread (AML/CFT) framework.

It was consistent on one thing precisely a year back. Pakistan’s advancement to a great extent stayed unaltered – resistant on four tallies, somewhat agreeable on 25 checks and generally consistent on nine suggestions.

“Pakistan will stay in upgraded (sped up) follow up, and will keep on detailing back to the APG on progress to reinforce its usage of AML/CFT measures,” closed the APG in its 12-page report.


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