September 13, 2022
1 min read

Pakistan ‘lacks effectiveness’ on FATF-linked goals

The assessment is conducted on the basis of 11 immediate outcomes, which represent key goals that an effective AML/CFT system should achieve…reports Asian Lite News

The Asia-Pacific Group (APG) on Money Laundering has rated Pakistans level of effectiveness as ‘low’ on 10 out of 11 international goals on anti-money laundering and combating the financing of terror (AML/CFT), even though the country is now compliant on 38 out of 40 technical recommendations.

The Sydney-based regional affiliate of the Financial Action Task Force (FATF) released an update, as of September 2, on the rating of its regional members suggesting that Pakistan had a ‘moderate level of effectiveness’ on only one out of 11 outcomes, Dawn news reported on Tuesday.

Under this ‘immediate outcome’, Pakistan extends international cooperation on appropriate information, financial intelligence, and evidence, and facilitates action against criminals and their assets.

A 15-member joint delegation of the FATF and APG paid an on-site visit to Pakistan from August 29 to September 2 to verify the country’s compliance with a 34-point action plan committed at the highest level in June 2018.

The task force found Pakistan compliant or largely compliant on all the 34 points in February this year and had decided to field an onsite mission to verify it on the ground before formally announcing the country’s exit from the grey list.

Under the FATF-APG assessment mechanism, effective ratings on “Immediate Outcomes” reflect the extent to which a country’s measures are effective, Dawn reported.

The assessment is conducted on the basis of 11 immediate outcomes, which represent key goals that an effective AML/CFT system should achieve.

However, this has no direct bearing on an expected exit of Pakistan from FATF’s grey list during its October 18-22 plenary in Paris.

ALSO READ: ECONOMIC CRISIS: PAKISTAN SENDS SOS

Previous Story

Imran flips on army chief’s tenure

Next Story

Toronto cop shot dead in mass shooting, suspect detained

Latest from -Top News

Turkey’s Jet Roars, West Watches

It is visible that Turkey is intentionally reducing reliance on U.S. and Western military imports, especially F-16s and the failed F-35 partnership, to achieve strategic independence….writes Ankit V In 2016, Ankara announced

‘Op Sindoor’ Team Wraps Up Saudi Visit

The visit reaffirmed the shared commitment of India and Saudi Arabia in the fight against terrorism….reports Asian Lite News Riyadh, May 30 (IANS) The Indian all-party delegation, led by BJP MP Baijayant

Visa Interview Pause Nearing End, Says US

India is the source country for the largest group of international students in the US and Bruce’s comments will be closely followed there….reports Asian Lite News The United States said the pause

No Talks Till Terror Ends: India to Pakistan

The MEA’s strong response came at a time when Pakistan, pushed on the backfoot by India’s decisive Operation Sindoor, has suddenly started talking about its intent on having peace talks with India….reports

BNP ramps up poll demand

Chief Adviser Yunus had earlier promised elections in December 2025, but the timeline has since been pushed back first to February 2026 and then to June 2026, fuelling suspicion and dissatisfaction among
Go toTop

Don't Miss

Pakistan, China agree to upgrade CPEC

Pakistan PM Shehbaz Sharif is likely to see the inauguration

Balochistan’s Valor: BNM Pays Homage in Global Events

The events were organised by BNM in Mashkay, Turbat, Gwadar,