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Paris based global body FATF blacklisted Pakistan as it failed in implementing rules to stop terrorist funding

FATF (Financial Action Task Force) is a Paris based global body established to stop terrorist funding and money laundering activities. Pakistan is found non-compliant in 32 rules out of 40 rules set to stop terrorist funding and money laundering.

So FATF has kept Pakistan in blacklist.

In August 2019 Pakistan has been added to "Enhanced Expedited Follow up list" as it has failed to be compliant with 32 rules out of 40 rules set by APG to stop terrorist funding and money laundering.

This is a great drawback for Pakistan as it shows Pakistan government had no intentions to stop terrorists doing terrorist funding and money laundering activities in its country of Pakistan.

Generally global companies and MNC companeis investments will stop and they will fear to keep investments in countries which will support terrorist funding activities.

Sunday, August 25, 2019 - 21:41