EFSAS comments on UK’s decision to place Pakistan on its Terror Financing list
April 16, 2021
According to the UK government, the countries on the list pose a threat because of weak tax controls and lack of checks and balances on terrorism financing and money laundering. The UK, while formulating its list, appears to have given due credence to the corresponding list of jurisdictions with strategic anti-money laundering and counter-terrorist financing (AML/CTF) deficiencies drawn up by the global watchdog the Financial Action Task Force (FATF), on whose grey list Pakistan has firmly been since 2018.
