EFSAS comments on Pakistan's defence at the APG meeting on Money Laundering
May 24, 2019
Pakistani Finance Secretary, Mohammad Younas Dagha, led a ten-member delegation to Guangzhou, China, on 15 May to make a fretful attempt at a meeting of the Asia-Pacific Group (APG) on Money Laundering at defending Pakistan’s dismal record against money laundering and the financing of terrorism. The APG is a regional FATF – style inter-governmental body mandated with ensuring adherence by the 41 APG members to international standards of action against money laundering, as well as against financing of terrorism and proliferation of weapons of mass destruction. Pakistan’s sinister record in each of these three spheres had been responsible for its placement on the FATF’s grey list in June last year, but perhaps its blatant sponsorship of terrorism was what contributed most substantially to its listing.
