No Result
View All Result
Monday, June 9, 2025
MM News
اردو
  • Home
  • Latest News
  • Showbiz
    Ana de Armas in a scene from "Ballerina." (Lionsgate via AP)

    How to watch Ana de Armas’ ‘Ballerina’ online

    SI Film

    Love Guru Review: Hit or flop?

    (Credit: Europa Press)

    ‘I Am Georgina’ won’t return as Netflix ends show about Ronaldo’s girlfriend

    Ali Zafar drops first Shina song ‘Karay Karay’ on Eidul Adha

    Ali Zafar releases first Shina language song ‘Kare Kare’

    Hania Aamir, known for her lively spirit, surprised fans with a photo carousel from Makkah, Saudi Arabia while Sana Javed, dressed in a peach ensemble, celebrated Eid with her cricketer husband Shoaib Malik

    Pakistani celebs celebrate Eidul Adha 2025 in style

    Directed by Tarun Mansukhani and produced by Sajid Nadiadwala, Housefull 5 features a power-packed lineup including Akshay Kumar and Abhishek Bachchan

    When will Akshay Kumar’s ‘Housefull 5’ get OTT release?

  • Thought Box
  • Business
  • Opinions
  • Technology
  • The Other Side
MM News
  • Home
  • Latest News
  • Showbiz
    Ana de Armas in a scene from "Ballerina." (Lionsgate via AP)

    How to watch Ana de Armas’ ‘Ballerina’ online

    SI Film

    Love Guru Review: Hit or flop?

    (Credit: Europa Press)

    ‘I Am Georgina’ won’t return as Netflix ends show about Ronaldo’s girlfriend

    Ali Zafar drops first Shina song ‘Karay Karay’ on Eidul Adha

    Ali Zafar releases first Shina language song ‘Kare Kare’

    Hania Aamir, known for her lively spirit, surprised fans with a photo carousel from Makkah, Saudi Arabia while Sana Javed, dressed in a peach ensemble, celebrated Eid with her cricketer husband Shoaib Malik

    Pakistani celebs celebrate Eidul Adha 2025 in style

    Directed by Tarun Mansukhani and produced by Sajid Nadiadwala, Housefull 5 features a power-packed lineup including Akshay Kumar and Abhishek Bachchan

    When will Akshay Kumar’s ‘Housefull 5’ get OTT release?

  • Thought Box
  • Business
  • Opinions
  • Technology
  • The Other Side
No Result
View All Result
No Result
View All Result
MM News
اردو
  • Latest
  • Thought Box
  • Showbiz
  • Business & Stock
  • Opinions
  • Technology
  • The Other Side-Pakistan
Home Uncategorized

FATF’s Asia Pacific Group retains Pakistan on ‘enhanced follow-up list’

MM News Staff by MM News Staff
October 12, 2020

ISLAMABAD: The Asia-Pacific Group (APG) on Money Laundering has retained Pakistan on its “Enhanced Follow-Up” list for insufficent progress on technical recommendations of the Financial Action Task Force (FATF) to fight money laundering and terror financing.

The first Follow-Up Report (FUR) on Mutual Evaluation of Pakistan released by APG showed Pakistan improving its full compliance on two of the 40 FATF recommendations on the effectiveness of anti-money laundering and combating financing terror (AML/CFT) system.

Pakistan was compliant on one item exactly a year ago. Its progress has largely remained unchanged on four counts, partially compliant on 25 counts, and largely compliant on nine recommendations.

“Pakistan will remain in enhanced (expedited) follow up, and will continue to report back to the APG on progress to strengthen its implementation of AML/CFT measures,” concluded the APG report.

Pakistan has made some progress in addressing the technical compliance deficiencies, identified in its mutual evaluation report and has been re-rated on one recommendation. The FATF said Pakistan has made robust progress on 27 action points including legislation in fiften areas.

Based on this progress, Recommendation 29 has been re-rated to ‘compliant’. This improvement is based on amended Income Tax Ordinance 2001 (section 216) which now allows Financial Monitoring Unit (FMU) to have access to tax records and information maintained by Federal Board of Revenue (FBR).

The provincial counterterrorism departments (CTD) have been designated as investigation and prosecution agencies under AML Act which would allow the FMU to disseminate information to the CTD without a court order.

The report noted that measures had been taken on Recommendation-1 pertaining to the vulnerability of the national savings, Pakistan Post and real estate dealers to money laundering and terror financing, but said the progress is not yet sufficient to justify re-rating.

It also said the analysis and rating for Recommendation-6 were subject to a major disagreement with APG procedures and has been referred for in-session discussion at the next plenary and hence not considered for this report. This pertains to targeted financial sanctions related to terrorism and terror financing.

In the Mutual Evaluation Report published in October 2019, Pakistan was compliant on one, non-compliant on four, partially compliant on 26 and largely compliant on nine recommendations. The only change over the last one year has been graduation on one partially compliant recommendation to compliant status.

Pakistan had requested for re-ratings on three areas declared partially compliant by the APG in October last year. The request was accepted on one count and rejected on two due to ‘insufficient’ progress to the satisfaction of international experts.

The APG report comes only a couple weeks before FATF’s virtual review meeting scheduled to be held from October 21 to 23. This has no immediate bearing on the upcoming assessment of Pakistan whether it should be retained or moved out of the grey list

The APG had adopted the third Mutual Evaluation Report on Pakistan during the August 13-18 meetings in Canberra, Australia and downgraded the country to “Enhanced Follow-up” category over technical deficiencies to meet normal international financial standards by October 2018.

Pakistan has since been required to submit quarterly instead of biannual progress reports to the APG to show improvements in its technical standards on AML/CFT.

Tags: Asia-Pacific GroupFATFpakistan
ShareTweetSendShare
Previous Post

SC issues notice to PM for attending lawyer’s convention

Next Post

NAB holding politicians unilaterally accountable: Shahid Khaqan

Related Stories

File Photo
Uncategorized

Power Division refutes reports of ban on installing two electricity meters

June 8, 2025
(File Photo)
Uncategorized

Six of a family killed in Mardan’s gas explosion

June 7, 2025
File photo
Uncategorized

Karachi hit by two earthquakes once again

June 5, 2025
File photo
Uncategorized

Malir jail: 126 escaped prisoners re-arrested

June 5, 2025
Uncategorized

Mild earthquake hits Karachi’s Malir district

June 5, 2025
Uncategorized

CM Ali Amin Gandapur announces eid financial aid for jailed PTI workers

June 4, 2025
File photo
Uncategorized

Lahore launches body cameras for traffic wardens

June 4, 2025
Screen grab
Uncategorized

VIDEO: Bilawal Bhutto Zardari shares his weight loss journey

June 4, 2025
File photo
Uncategorized

Shehbaz govt to continue PTI-era Green Pakistan Project in Budget 2025-26

June 4, 2025
File photo
Uncategorized

Imran Khan says will lead protest movement from jail

June 4, 2025
Next Post
shahid khaqan abbasi

NAB holding politicians unilaterally accountable: Shahid Khaqan

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Trending Stories

Ana de Armas in a scene from "Ballerina." (Lionsgate via AP)
Film & TV

How to watch Ana de Armas’ ‘Ballerina’ online

by MM News Staff
June 8, 2025
SI Film
Film & TV

Love Guru Review: Hit or flop?

by MM News Staff
June 8, 2025
File Photo
Uncategorized

Power Division refutes reports of ban on installing two electricity meters

by MM News Staff
June 8, 2025
World

Iran claims it obtained secret Israeli military and nuclear documents

by MM News Staff
June 8, 2025
Khaby Lame, the 'king' of TikTok (Photo: TikTok)
Thought Box

Why was famous TikToker Khaby Lame arrested in the US?

by MM News Staff
June 8, 2025

Opinion

munir ahmed oped
The Betrayals Within: From Homes to Halls of Power
June 5, 2025
- Munir Ahmed
munir ahmed oped
AIF 2025 – A Rallying Cry for Unity in a Fractured World
May 31, 2025
- Munir Ahmed
munir-ahmed-oped-2-1140x1140
Eurasian Economic Union at 10: Looking Beyond the Decade
May 29, 2025
- Munir Ahmed
No posts found
See all

Weather Updates

File photo
Bakra Eid 2025

Eidul Adha holidays: PDMA issues heatwave alert

by MM News Staff
June 5, 2025

Punjab Provincial Disaster Management Authority (PDMA) has issued an alert regarding temperature rise and...

representative image

Severe heatwave warning issued nationwide for Eid holidays

June 5, 2025
President Asif Ali Zardari

World Environment Day: Climate disasters displace millions in Pakistan: President

June 5, 2025
Image: ET

Weather updates for Karachi and other parts of country

June 5, 2025
See all

Prices

Solar panels installed at a Peshawar park to meet lighting needs. (Image: Dawn.com)
Business & Stock

Govt likely to impose 18% sales tax on solar panels in budget 2025-26

by MM News Staff
June 6, 2025

Pakistan is poised to introduce major changes to its taxation framework in the upcoming...

Karachi consumers get Rs2.99/unit relief, power rates hiked elsewhere

June 5, 2025
(File)

Gold price increases Rs4,300 per tola

June 5, 2025
(Representational Image)

Will govt scrap solar net metering in budget 2025-26?

June 5, 2025
See all

Transport News

Lack of adequate public transportation facilities in Karachi has made rickshaws a popular transport.
Top News

Sindh govt bans four-seat rickshaws in Karachi

by MM News Staff
June 6, 2025

The Sindh government on Friday banned four-seater rickshaws in Karachi, while a decision has...

Air Karachi granted regular public transport license

June 5, 2025
(Representational Image, Credit: ProPakistani)

How to apply for Punjab electric taxi scheme

June 4, 2025
file photo

Govt rolls back fare hike for Islamabad bus services

June 4, 2025
See all

MM Digital (Pvt.) Ltd.

MM News is a subsidiary of the MM Group of Companies. It was established in 2019 with the aim of providing people of Pakistan access to unbiased information. Contact Details: 03200201537

Quick Links

  • Home
  • Advertise
  • MM News Urdu
  • The Other Side-Pakistan
  • Contact Us
  • Privacy Policy

Top Pages

  • Latest News
  • Showbiz
  • OP-ED
  • Technology
No Result
View All Result
  • Latest News
  • Showbiz
  • Thought Box
  • Business
  • Opinions
  • Technology

© Copyright 2024 MMNews - All Rights Reserved.