The Financial Action Task Force’s (FATF) Asia Pacific Group Friday put Pakistan on an “enhanced blacklist” after the country failed to meet global standards, reported news agency PTI.
“The APG has placed Pakistan in the Enhanced Expedited Follow Up List (Black List) for failure to meet its standards,” an Indian official privy to the development was quoted as saying by PTI.
The FATF has found India’s neighbour non-compliant on 32 of 40 compliance parameters on money laundering and terror financing, the officials added.
On 11 effectiveness parameters of money laundering and terror financing, Pakistan was adjudged low on 10. Despite its efforts, Pakistan could not convince the 41-member panel to upgrade it on any parameter, said the officials.
Earlier, the fear of being blacklisted by the FATF had forced Pakistan to shut down 20 terror camps inside Pakistan-occupied Kashmir (PoK) this year. Top intelligence sources told The Indian Express that their inputs suggest shutting down of 20 terror camps from where Pakistan was sending militants across to Kashmir. This had happened before the FATF meeting in the US in June where Pakistan’s grey-listing continued, sources said.
(With inputs from PTI)