FATF dismisses Indian media reports of APG blacklisting Pakistan

Karachi: The Financial Action Task Force (FATF) has dismissed Indian media reports that   its affiliate Asia Pacific Group (APG) has blacklisted Pakistan. According to Geo News, Alexandra Wijmenga,  a spokesperson for the  watchdog against terror financing and money laundering, said only the FATF  has the authority to blacklist.The spokesperson said the FATF will hold its meeting on October 14-18 in Paris and  publish its decisions.Earlier, Pakistan rejected Indian media reports as incorrect and baseless.The Finance Ministry in a press statement clarified that APG in its 22nd Annual Meeting held in Canberra, Australia from August 18-23, 2019, adopted Pakistan’s 3rd Mutual Evaluation Report and put Pakistan in its enhanced follow-up as per APG’s Third Round Mutual Evaluation Procedures.In line with APG’s Third Round Mutual Evaluation Procedures, Pakistan would be required to submit follow-up progress reports to APG on quarterly basis.“Media reports, being circulated about Pakistan, being blacklisted by APG are incorrect and baseless,” the Finance Ministry said.

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