Pakistan to be blacklisted over terror financing? FATF to track progress

Pakistan has been placed on so-called "enhanced follow-up" in line with FATF's evaluation procedures

The Financial Action Task Force (FATF) will monitor Pakistan's progress in implementing a proposed plan against financing for militant organisations ahead of a meeting in October, the international watchdog body said on Friday.

Its Asia Pacific Group on Money Laundering (APG) met in Canberra this week to discuss reports on countries including Pakistan, which was last year placed on a "grey list" of countries with inadequate controls over money laundering and terrorism financing.

The reports "will now be subject to post-plenary quality and consistency review prior to publication," it said in a statement on its website after the meeting ended.