In its mutual evaluation, the Financial Action Task Force’s (FATF) Asia/Pacific Group (APG) has accepted Pakistan’s stance on almost all contested issues, underscoring that the country has finally been able to plug many deficiencies in its anti-money laundering and combating terror financing regimes.
Earlier, Pakistan had requested the APG to upgrade the country’s compliance status on at least 23 of the 40 global recommendations of the FATF, as per the second mutual evaluation follow-up report.
The APG accepted Pakistan’s stance on 22 recommendations, some of the “critical” including compliance with the UNSC resolutions, tightening of the weapons of mass destruction-related controls, actions against politically exposed persons, and plugging loopholes for money laundering.
