ASIA/PACIFIC GROUP ON MONEY LAUNDERING

Recent decision: 

• it has also found that Pakistan was non-compliant on 32 of the 40 compliance parameters of terror financing and money laundering. 
  
  
• On 11 effectiveness parameters of terror financing and money laundering, Pakistan was adjudged as low on 10. 
  
  
• While the placing does not bring any new punitive measures on Pakistan, it will mean quarterly reporting to the group on improvement in its financial safeguards. 
  
  
• Now, Pakistan has to focus on avoiding the blacklist in October, when the 15-month timeline ends on the FATF's 27-point action plan.