ISLAMABAD, Aug 23 (APP):The Ministry of Finance Friday categorically rejected Indian media reports about Pakistan being blacklisted by the Asia-Pacific Group (APG) - the regional affiliate of the Financial Action Task Force (FATF). The 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 …
Finance Ministry rejects Indian media reports of APG blacklisting Pakistan
ISLAMABAD, Aug 23 (APP):The Ministry of Finance Friday categorically rejected Indian media reports about Pakistan being blacklisted by the Asia-Pacific Group (APG) – the regional affiliate of the Financial Action Task Force (FATF).
The 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.
