FATF Asia-Pacific Group blacklists Pakistan

Pakistan has been placed on the blacklist of the Financial Action Task Force’s Asia Pacific Group. Pakistan has been blacklisted for non-compliance and non-enforcement of safeguards against terror financing and money laundering.
Pakistan has failed in 32 of 40 ‘compliance’ parameters for its legal and financial systems. Pakistan has also failed in 10 of 11 ‘effectiveness’ parameters for enforcing safeguards against terror-financing and money-laundering by UN-sanctioned entities and other non-government outfits.