2024 RT Amination Banner.gif

China Daily

Asia Pacific> Asia News> Content
Wednesday, December 19, 2018, 18:30
Pakistan takes steps to avoid terror finance blacklist
By Associated Press
Wednesday, December 19, 2018, 18:30 By Associated Press

A Pakistani dealer counts US dollars at a currency exchange shop in Islamabad, Oct 9, 2018. Pakistani officials said the government has approved fresh measures on Dec 18, 2018 to avoid being blacklisted by an international group that monitors money laundering and terror financing (AAMIR QURESHI / AFP)

ISLAMABAD — Pakistani officials said the government has approved fresh measures to avoid being blacklisted by an international group that monitors money laundering and terror financing.

Three officials said the measures adopted Tuesday would prevent suspected militants from operating bank accounts and illegally transferring money by air, land and sea. They spoke Wednesday on condition of anonymity because they were not authorized to discuss the decision with reporters.

ALSO READ: Pentagon cancels aid to Pakistan over record on militants

The Paris-based Financial Action Task Force placed Pakistan on a "grey list" earlier this year but gave it time to take action before a further downgrade. Pakistan fears the listing could deter foreign investors and hinder its access to international markets as it grapples with a fiscal crisis.

Pakistan is set to submit a compliance report to the FATF the first week of January.


Share this story

CHINA DAILY
HONG KONG NEWS
OPEN
Please click in the upper right corner to open it in your browser !