NEW DELHI: Pakistan has been found to be compliant or “largely" compliant in 31 of 40 parameters listed by the Paris based Financial Action Task Force or FATF which monitors flow of financiers to a news report said over the weekend. The report comes ahead of this month’s FATF assessment meeting on Pakistan and other jurisdictions. Pakistan has been on the FATF watchlist since June 2018 for allowing terrorist groups to source money for their activities. Pakistan was assessed in two domains: technical compliance/legal instruments (40 FATF recommendations) and demonstration of effectiveness (11 immediate outcomes)," the report said. Pakistan’s MER was adopted in which the country was rated “compliant" and “largely complaint" in 10 of 40 FATF recommendations for technical compliance.

Source: Mint June 05, 2021 16:07 UTC