WEB DESK
The Asia Pacific Group (APG) of Financial Action Task Force (FATF) has concluded that Pakistan has not taken sufficient measures to fully implement UN Security Council Resolution 1267 obligations against Hafiz Saeed and other terrorists associated with LeT, JuD and other terror groups.
APG’s latest report, Mutual Evaluation Report of Pakistan, comes as a major setback for Pakistan, which faces the threat of being placed under the FATF’s “blacklist”.
The APG has asked the country to “identify, assess and understand” its money laundering or terror financing risks. Transnational risks and risks including associated with terror groups operating there such as Da’esh, JeM and others are also mentioned. It also urges Pakistan to implement a comprehensive and coordinated risk-basd approach to combating these risks.
Pakistan was placed on the agency’s “grey list” in 2018, and given a 15-month deadline to implement its action plan. The final review of the matter is expected to be done in Paris later this month.