APG, FATF no mandate to black list Pakistan: FO

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ISLAMABAD—Foreign Office has clarified that the claims made by Indian media that Asian Pacific Group (APG) of the Financial Action Task Force (FATF) blacklisted Pakistan is unfound and incorrect as APG has no mandate to blacklist Pakistan.

The Asia-Pacific Group of the FATF, the global watchdog for terror financing and money laundering, has placed Pakistan in the Enhanced Expedited Follow Up List (Blacklist) for its failure to meet its standards, Indian media claimed.

In its meeting in Canberra, the Indian media further said that the APG found that Pakistan was non-compliant on 32 of the 40 compliance parameters of terror financing and money laundering. On 11 effectiveness parameters Pakistan was adjudged as low as 10.

An official of Foreign Office said that these stories are fabricates and no reality in them. He said APG has no mandate to take any decision of blacklisting Pakistan.

The Asia-Pacific Group on Money Laundering, during its 22nd annual meeting held in Canberra adopted Pakistan’s third Mutual Evaluation Report (MER). A senior-level delegation from Pakistan headed by Dr Reza Baqir, Governor State Bank of Pakistan, attended the proceedings of the meeting during which the report was adopted.

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