Pakistan has been granted a three-month reprieve to be placed on a terror-financing watch-list.
A US-sponsored resolution to Paris-based international watchdog monitoring compliance remained inconclusive after the meeting here concluded on “no consensus.”
Pakistan’s Minister for Foreign Affairs Khawaja Muhammad Asif took to Twitter to confirm that “no consensus [could be reached] for nominating Pakistan” to be added to the Financial Action Task Force’s (FATF) list of nations that monetarily support terrorism.
“Our efforts paid, FATF Paris 20 Feb meeting conclusion on US led motion to put Pakistan on watch list
-No consensus for nominating Pakistan
-proposing 3months pause &asking APG for another report to b considered in June ????????? Grateful to friends who helped,” Asif tweeted.
APG is the Asia/Pacific Group (APG) on Money Laundering in the Financial Action Task Force (FATF), which took up the matter of Pakistan’s patronage of terrorism this week.
According to Geo TV, the FATF is working together with the Asia/Pacific Group on Money Laundering (APG), which, as per its website, aims to ensure “that its members effectively implement the international standards against money laundering, terrorist financing and proliferation financing related to weapons of mass destruction.”
Post 9/11, “the APG expanded its scope to include the countering of terrorist financing,” the report added.