Pak's FATF future seems grim with its involvement in Afghanistan

News, market analysis, investment scam prevention tips and more ✔️ Your source for latest asset management news and information. This magazine is crafted specifically for those who are interested in diving into the global asset management world. ISLAMABAD: While Pakistan retained its position on the Financial Action Task Force's (FATF) grey list and was given another opportunity to avoid being dragged down to the blacklist, its continuous involvement along the border with Afghanistan may not bode well for its future in terms of its FATF status aspirations.A few days before its full-scale review meeting, the FATF had reprimanded Pakistan for its 'meagre progress' in combating terror financing and money laundering, while the FATF's Asia-Pacific Group (APG) had expressed dissatisfaction as Pakistan has so far only complied to only two of the 40 recommendations provided to address issues of anti-money laundering and combating financing terror, reported Don McLain Gill for Centre for Peace Asia.It is believed that the concessions granted to Pakistan have a lot to do with the presumption that Pakistan will toe a supporting line with the US amidst the crucial peace deal with the Taliban. However, shreds of evidence received from multiple intelligence reports suggest that Pakistan has starting nesting terror networks in Taliban safe havens of Afghanistan.The Centre for Peace Asia wrote that although Pakistan has desperately tried to erase its footprints through its alleged 'crackdown on terrorism', evidence has pointed out that the To keep reading about Pak's FATF future seems grim with its involvement in Afghanistan, Click on the link. Seoul, Korea
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