Finance Ministry terms reports about Pakistan being blacklisted by APG incorrect and baseless

ISLAMABAD, Pakistan: The Ministry of Finance has clarified that media reports being circulated about Pakistan being blacklisted by the Asia Pacific Group (APG) of the Financial Action Task Force (FATF) is incorrect and baseless.

In a press release issued on Friday with reference to the news published in the Indian media about Pakistan being black listed by APG, the finance ministry clarified that APG in its 22nd Annual Meeting held in Canberra, Australia from August 18-23, 2019 has adopted Pakistan’s 3rd Mutual Evaluation Report and has put Pakistan in its enhanced follow-up as per PAG’s Third Round Mutual Evaluation Procedures.

The ministry said that 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.

It is worth noting that over 520 senior delegates from 46 jurisdictions and 13 international organisations came together in Australia’s Capital of Canberra from August 18 to 23, 2019 to convene the APG’s 22nd annual meeting and annual technical assistance forum.

The event was chaired by the Deputy Commissioner Leanne Close of the Australian Federal Police and the Head of the Bangladesh Financial Intelligence Unit Mr Abu Hena Mohommad Razee Hassan.

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