FATF placed Pakistan in 'Enhanced Blacklist' after failing to act on Terror Funding
Image Credit: shortpedia
In a major setback for cash strapped Pakistan, FATF, a multilateral watchdog that monitors terror funding, put Pak in ‘enhanced blacklist’ after failing to meet global standards. Asia Pacific Group (APG) of Financial Action Task Force (FATF) finds Pak non-compliant on 32 of 40 compliance parameters on money laundering and terror financing. Now, Pakistan has to focus on avoiding the blacklist in October 2019, said official.