August 23, 2019 (MLN): The news posted by sections of Indian media, claiming that Asia-Pacific Group of the Financial Action Task Force (FATF), an international anti-money laundering watchdog, has downgraded Pakistan and placed it under the list of blacklisted countries that created chaos in the Pakistan Stock Market, is false.
A close investigation in to the claims have revealed that the news is false or misleading and Indian lobby’s conspiracy in the FATF’s APG for downgrading Pakistan to the blacklist has been failed as the official press release on the Asia Pacific group’s website said that during APG’s 22nd annual meeting, six significant mutual evaluation reports for China, Chinese Taipei, Hong Kong, China, Pakistan, the Philippines and Solomon Islands were analyzed and discussed in detail over two full days and will now be subject to post-plenary quality and consistency review prior to publication.
According to the official release, the APG is expected to post final document on its website 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.
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