Pakistan rejects Indian reports on being blacklisted by FATF's APG

Islamabad - The ministry said no source supporting the claims has been mentioned by the media outlets.

Refuting Indian media's claims about Pakistan being blacklisted by the Asia-Pacific Group (APG), the Ministry of Finance termed these media reports as "incorrect and baseless".
The ministry rejected Indian media reports and said no source supporting the claims has been mentioned by the outlets. According to reports in Dawn, the ministry said during the APG meeting Pakistan's 3rd Mutual Evaluation Report (MER) had been adopted. APG, which is the regional affiliate of the Financial Action Task Force (FATF), and had also put Pakistan in its enhanced follow-up as per its Third Round Mutual Evaluation Procedures.
According to a statement by APG, its members adopted six significant mutual evaluation reports for Pakistan, China, Chinese Taipei, Hong Kong, the Phillippines and the Solomon Islands. However, there was no mention of Pakistan or any other country being on the blacklist.
Pakistan is a member of the APG since 2000 which is a regional body of Paris-based FATF of the United Nations. and requires its members to undergo mutual evaluation on the compliance of its AML/CFT framework with FATF recommendations.
Read the full statement here:

Over 520 senior delegates from 46 jurisdictions and 13 international organisations came together in Canberra, Australia during the week of 18 - 23 August 2019 to convene the APG's 22nd annual meeting and annual technical assistance forum. The event was chaired by Deputy Commissioner Leanne Close of the Australian Federal Police and Mr Abu Hena Mohd. Razee Hassan, Head of the Bangladesh Financial Intelligence Unit.
During the week, APG members adopted six significant mutual evaluation reports. The reports - for China, Chinese Taipei, Hong Kong, China, Pakistan, the Philippines and Solomon Islands - were analysed and discussed in detail over two full days and will now be subject to post-plenary quality and consistency review prior to publication.  Final publication on the APG website is expected in early October 2019.  The APG also adopted a number of follow-up reports for APG members and for joint APG/FATF members and also agreed on revised evaluation procedures for the coming year reflecting recent changes to global procedures.
APG members adopted a CFT Operational Plan as part of a global strategy to address the concerns related to terrorist financing. As part of this plan, the plenary agreed to undertake a typologies and implementation project examining the financing and facilitation of foreign fighters and returnees.
Also discussed and adopted were the following important typologies reports:
        APG/EAG report on Terrorism Financing & Proceeds of Crime (including Organised Crime). The report identifies techniques and trends associated with the use of proceeds of crime including from organised crime for financing terrorism. The report is expected to be published in November 2018.
        The 2019 APG Yearly Typologies Report includes approximately 135 cases received from 19 member jurisdictions and APG observers.
Members agreed on a new joint project with the Alliance for Financial Stability with Information Technology - to develop a workshop to be held in early 2020 on the application of FATF Guidance on Digital KYC to the Asia Pacific region following its adoption/publication by the FATF in February 2020.
The APG's Annual Forum on Technical Assistance and Training held in tandem with the annual meeting included 30 meetings over five days, comprised of 26 individual sessions between members and donors of AML/CFT technical assistance. Three sub-regional meetings were also convened. These discussions led to important information-sharing and coordination mechanisms among the APG's members, observers, donors and providers.

• India
• Pakistan