Global watchdog to monitor Pakistan's progress in tackling militant funding
ISLAMABAD, Aug 23 (Reuters) - The Financial Action Task
Force (FATF) will monitor Pakistan's progress in implementing a
proposed plan against financing for militant organizations ahead
of a meeting in October, the international watchdog body said on
Its Asia Pacific Group on Money Laundering (APG) met in
Canberra this week to discuss reports on countries including
Pakistan, which was last year placed on a "grey list" of
countries with inadequate controls over money laundering and
The reports "will now be subject to post-plenary quality and
consistency review prior to publication," it said in a statement
on its website after the meeting ended.
Final publication on the APG website is expected in early
October 2019, it added.
In June, the watchdog gave Pakistan until October to improve
its counter-terror finance operations or face further action.
Separately, Pakistan's finance ministry rejected as baseless
Indian media reports that Islamabad was put on FATF's black
list. India, engaged in a standoff with Pakistan over the
disputed region of Kashmir, has pressed for further sanctions
against its neighbour.
Pakistan has been placed on so-called "enhanced follow-up"
in line with FATF's evaluation procedures, the ministry said in
"...Pakistan would be required to submit follow-up progress
reports to APG on quarterly basis," it added.
(Reporting by James Mackenzie)
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