ISLAMABAD – Financial Action Task Force (FATF) has dismissed reports of the Asia Pacific Group (APG) blacklisting Pakistan.
A spokesperson while speaking to Geo News clarified that only the FATF had the authority to blacklist, not its regional affiliate APG.
Alexandra Wijmenga further said the FATF will hold its meeting on October 14-18 in Paris and decisions which are taken would be published.
Similarly, Pakistan’s Finance Ministry on Friday categorically rejected certain media reports about Pakistan being blacklisted by the Asia-Pacific Group, the regional affiliate of the Financial Action Task Force (FATF).
The ministry termed these reports as incorrect and baseless, the ministry said in a short statement.
“Media reports being circulated about Pakistan being blacklisted by APG are incorrect and baseless,” the Finance Ministry said.
Earlier, Indian media reported that the Asia-Pacific Group of the global watchdog for terror financing and money laundering has put Pakistan in the Enhanced Expedited Follow Up List (Blacklist) for its failure to meet its standards.
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.
