The Asia Pacific Group of the FATF has put Pakistan in a terror 'blacklist' for its failure to curb funnelling of funds to terrorist groups. Pakistan has been put in an "enhanced blacklist" by global financial watchdog Financial Action Task Force's Asia-Pacific division for its failure to meet global standards, officials said on Friday. The FATF APG meeting was held in Canberra, Australia and the discussions lasted over seven hours over two days. Home; News of the Day; Pakistan placed under blacklist of FATF Asia-Pacific Group; Pakistan placed under blacklist of FATF Asia-Pacific Group. The Asia Pacific Group – a regional affiliate of the Financial Action Task Force (FATF) in its meeting during the week of 18-23 August adopted Pakistan’s third mutual evaluation report.. A statement by the APG read, “during the week, APG members adopted six significant mutual reports. FATF: Pakistan placed in Enhanced Blacklist of FATF Asia Pacific Group (APG) for its failure in fighting terrorism and money laundering. With Pakistan falling back into the grey list of the FATF, much pressure would be put on the government to deal with the situation in the long term. After FATF, the Asia Pacific Group (APG) may also grey list Pakistan for global anti-money laundering and counter-terrorism financing. New Delhi: The Asia-Pacific Group (APG) of the Financial Action Task Force has put Pakistan on the ‘Enhanced Expedited Follow Up List’ on Friday, after it failed to convince the 41-member plenary that it took concrete and verifiable action against funding of terrorism.“Pakistan wasnon-compliant on 32 out of 40 compliance parameters. The sources said that the FATF plenary is set to hand Pakistan over a new Action Plan, which unlike the FATF June 2018 plan will be more comprehensive and cover all 11 Immediate Outcomes. Due to their failure to meet the specified standards, the APG has taken this decision. Pakistan Prime Minister Imran Khan. As a result, despite having friendly countries in the Asia Pacific-Joint Group of the FATF, Islamabad has failed to make the cut. (Photo: The New York Times) 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. In February too, its prospects of exiting the Grey List are dim given the unfettered fund raising activities of proscribed terrorist groups like the Lashkar-e-Taiba (LeT) / Jamaat-ud-Dawah (JuD), Jaish-e-Mohammed (JeM) and their affiliates. New Delhi, Oct 12: The Financial Action Task Force's (FATF) Asia Pacific Group has kept Pakistan in the enhanced follow up list. pakistan has suffered another setback at the international stage today as the Asia-Pacific Group of the Financial Action Task Force (FATF), an international anti-money laundering watchdog, has downgraded it and placed it under the list of blacklisted countries.Also reports says that in october fatf blacklisted pakistan due to their negative image. Financial Action Task Force (FATF) Asia Pacific group has kept Pakistan in its ‘Enhanced Follow Up’ list. It is almost certain that Pakistan will continue in its present status in the FATF 'Grey List' and there is every possibility that the country may further be downgraded into the FATF 'Black List' at its next plenary to be held in October in Paris, officials said. APG indentified many shortcomings in Pakistan’s efforts in combating terrorism and money laundering. FATF Asia-Pacific Group blacklists Pakistan Finance Ministry denies reports Moreover, this is only going to further complicate its standing in the FATF. The Asia-pacific group of FATF submitted its report called “Follow up report on mutual evaluation of Pakistan”. Blacklist imposes several restrictions on Pakistan. "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 said on Friday. FATF-Asia Pacific Group delegation to visit Pakistan next week Initial reports in Pakistani media said the National Counter-Terrorism Authority (NACTA) had informed the caretaker government that it did not have the capacity to prepare the “National Risk Assessment Report”, and suggested that the Federal Investigations Agency (FIA) do it instead. The effort includes assisting countries and territories of the region in enacting … Conclusion. The organisation had downgraded Pakistan status from “regular follow-up” to “enhanced follow up”. FATF President's Statement - COVID-19 The FATF president recently made a statement on countering serious financial crime in the current COVID-19 environment outlining how countries must remain vigilant in relation to financial fraud and exploitation scams, trafficking in counterfeit medicines and other areas of concern and risk. The purpose of the Asia/Pacific Group on Money Laundering (APG) is to ensure the adoption, implementation and enforcement of internationally accepted anti-money laundering and counter-terrorist financing standards as set out in the FATF Forty Recommendations and FATF Eight Special Recommendations. August 23, 2019 October 28, 2020 admin. The Financial Action Task Force (FATF) has already grey-listed Pakistan with effect from June 2018 and any adverse findings by the APG – as a result of its March 26-28 inspections – could further complicate problems for […] Pakistan placed under blacklist of FATF Asia-Pacific Group. India is a member of both the APG and the FATF consultations and was represented by a team of officials from the ministries of Home, External Affairs and Finance. The FATF APG meeting was held in Canberra, Australia, and the discussions, which ended Friday, lasted more than seven hours over two days. A spokesperson of the Financial Action Task Force (FATF) has dismissed reports of the Asia Pacific Group (APG) blacklisting Pakistan. News Sources; PTI; FATF Asia-Pacific Group puts Pakistan in terror ‘blacklist’: Officials The Asia-Pacific Group is one of the nine regional affiliates of the international anti-money laundering watchdog, FATF.