APG places Pakistan on enhanced monitoring list for at least 1-year.

 
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The Asia Pacific Group on Money Laundering has placed Pakistan on its enhanced monitoring list after Islamabad's performance was found unsatisfactory on three-fourth of the Financial Action Task Force's (FATF) recommendations.

In its Mutual Evaluation Report, the FATF style regional body observed that the effectiveness of Pakistan's Anti-Money Laundering and Combating Financing of Terrorism (AML/CFT) regimes were of low level.

The APG prepared the Mutual Evaluation Report after two visits to Pakistan during which they exchanged at least four technical annexures with Islamabad - the body provided government ample opportunities to improve the situation.

Pakistan's Financial...

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