FATF listing: Asia-Pacific Group adopts Pakistan’s mutual evaluation report

[SMC]

Let me put it in terms you can relate to.
Remember how in school after mid term exams your teachers will show you your answer sheets so you know how many marks you obtained and yet the report card would be handed out week or two later? Now did the marks on your report card magically differed from the ones you saw on your answer sheet? No.
Same thing here.

Yes, because school reports are a good analogy to international blacklisting?

I.e decision was made 2 months before in discussions as news reports stated. I hope you remember that.

And that's my point, you are have already made the conclusion that no one else has.

Do you have a list of countries that were put on grey list and then on enhanced followup ? I dont think either of the 3 countries you mentioned had that situation. Do share any backups that you have to that effect.

https://www.fatf-gafi.org/publicati...reporttothemutualevaluationreportofchina.html
http://www.fatf-gafi.org/publications/mutualevaluations/documents/fur-slovenia-2019.html
http://www.fatf-gafi.org/publications/mutualevaluations/documents/fur-denmark-2018.html
https://www.fatf-gafi.org/media/fatf/documents/reports/fur/Follow-Up-Report-Norway-2019.pdf

 

[Code_Geass]

https://www.dawn.com/news/1501207 ministry of Finance rejects indian media claims

 

[Aryan0395]

How does it matters to Pakistan either in follow-up or not

What matters are the consequences. Being on black list does affect business prospects with other economies. While this is not FATF black list, will being on this list not affect the decision making ability of FATF meeting against pakistan which was hoping to get out of grey list?
UN resolutions have come up against India against many times but in the end what matters is how it affects the targeted country. If it is just statements and not followed by action, then nothing happens more than negative international spotlight for a few days. This is exactly what happens in Indian case.

 

[The Eagle]

What matters are the consequences. Being on black list does affect business prospects with other economies. While this is not FATF black list, will being on this list not affect the decision making ability of FATF meeting against pakistan which was hoping to get out of grey list?
UN resolutions have come up against India against many times but in the end what matters is how it affects the targeted country. If it is just statements and not followed by action, then nothing happens more than negative international spotlight for a few days. This is exactly what happens in Indian case.

Exactly, if you understand what you said.

 

[foxbat]

https://www.fatf-gafi.org/publicati...reporttothemutualevaluationreportofchina.html
http://www.fatf-gafi.org/publications/mutualevaluations/documents/fur-slovenia-2019.html
http://www.fatf-gafi.org/publications/mutualevaluations/documents/fur-denmark-2018.html
https://www.fatf-gafi.org/media/fatf/documents/reports/fur/Follow-Up-Report-Norway-2019.pdf

I am pretty sure you are not that naive, so would assume you are intentionally trying to mislead. Having a mutual evaluation report does not translate to being on a grey list or black list. Every member country has to submit a MER which all of these countries have. Based on these reports and the performance of the country, the followup reviews are set. Based on those reviews, the country is either considered in the green or put on grey/black lists.

The difference between pakistan and China/Norway/Denmark is that Pakistan did get put on the grey list where as others did not. So equating the 2 is simply ridiculous.

Post putting on the Grey list, on evaluation of Pakistan's latest MER, the group has apparently found Pakistan lacking on performance on its commitments from the time it was put on grey list. Because of that the frequency of the follow up on action items has been increased to once every 3 months (from once in 3 years i think).

Is Pakistan on the black list.. No...
Is it closer to the black list that what it was 6 months back.. Definitely since APG has changed its status from Grey (regular followup) to Grey (enhanced followup)

 

[SMC]

I am pretty sure you are not that naive, so would assume you are intentionally trying to mislead. Having a mutual evaluation report does not translate to being on a grey list or black list. Every member country has to submit a MER which all of these countries have. Based on these reports and the performance of the country, the followup reviews are set. Based on those reviews, the country is either considered in the green or put on grey/black lists.

The difference between pakistan and China/Norway/Denmark is that Pakistan did get put on the grey list where as others did not. So equating the 2 is simply ridiculous.

Post putting on the Grey list, on evaluation of Pakistan's latest MER, the group has apparently found Pakistan lacking on performance on its commitments from the time it was put on grey list. Because of that the frequency of the follow up on action items has been increased to once every 3 months (from once in 3 years i think).

Is Pakistan on the black list.. No...
Is it closer to the black list that what it was 6 months back.. Definitely since APG has changed its status from Grey (regular followup) to Grey (enhanced followup)

I was merely responding to you asking proof for these countries having been in enhanced follow up. If you read the links carefully enough, yes these countries have or still are in enhanced follow up. There is no misrepresentation. These reports mention that these countries have been or are in enhanced follow up. That's what you asked, yes?

This is what I mentioned earlier anyway, that these countries have been or are in enhanced follow up, as a response to some idiot saying enhanced follow up is the same as blacklist.

 

[Norwegian]

Is Pakistan on the black list.. No...
Is it closer to the black list that what it was 6 months back.. Definitely since APG has changed its status from Grey (regular followup) to Grey (enhanced followup)

I fail to understand why it is so difficult to live with the facts?

 

[foxbat]

I was merely referring to you asking proof for these countries having been in enhanced follow up. If you read the links carefully enough, yes these countries have or still are in enhanced follow up. Nothing to do with just the mutual report or whether they have been in grey list or not.

An enhanced followup with a grey status is a very different ballgame from a simple enhanced followup. The 1st one is for prognosis and the 2nd one for diagnosis.

 

[SMC]

An enhanced followup with a grey status is a very different ballgame from a simple enhanced followup. The 1st one is for prognosis and the 2nd one for diagnosis.

I don't have enough information on that particular issue. I was merely responding to some idiot that said enhanced follow up is the same as the blacklist.

 

[foxbat]

I don't have enough information on that particular issue. I was merely responding to some idiot that said enhanced follow up is the same as the blacklist.

That i completely agree is not the same.

 

[IbnAbdullah]

Salaam

Does it really mean that pakistan funds the terror groups or its just political stunt of western countries??

I think this means that Pakistan is about to seriously start funding some 'terror' groups inside India in addition to sending some Afghan war vets into Kashmir.

To apply some lessons learnt and perfected in the past two decades.

To add some spice to the pot under which the Indian government has lit a massive fire.

 

[ni8mare]

APG places Pakistan on enhanced monitoring list for at least one year
By Shahbaz Rana
Published: August 23, 2019
TWEET EMAIL

APG logo. PHOTO: APG

ISLAMABAD: The Asia Pacific Group on Money Laundering has placed Pakistan on its enhanced monitoring list after Islamabad’s performance was found unsatisfactory on three-fourth of the Financial Action Task Force’s (FATF) recommendations.

In its Mutual Evaluation Report, the FATF style regional body observed that the effectiveness of Pakistan’s Anti-Money Laundering and Combating Financing of Terrorism (AML/CFT) regimes were of low level.

The APG prepared the Mutual Evaluation Report after two visits to Pakistan during which they exchanged at least four technical annexures with Islamabad – the body provided government ample opportunities to improve the situation.

Pakistan’s Financial Monitoring Unit (FMU) played an effective role as coordinating agency to highlight areas for improvement on which authorities were required-to focus and address the issues.

Islamabad now has six months to show progress as the first enhanced monitoring report will be submitted in February next year to APG. APG findings will be presented in the FATF Plenary. Pakistan’s “enhanced monitoring”, on the other hand, begins immediately.

Enhanced Expedited Follow up List

Under the list, Pakistan would be required to submit report to APG on February 1, 2020. The report will show improvements in the technical compliance, a top Pakistani official who attended the APG meetings confirmed to The Express Tribune.

The official dismissed Indian media reports that Pakistan was blacklisted by the APG.

“Media reports being circulated about Pakistan being blacklisted by APG are incorrect and baseless”, stated Ministry of Finance in a brief statement on Friday, which will follow a detailed press release.

Pakistan is now required to submit its performance report to the APG twice a year.

The sources said that out of 40 universal recommendations of Financial Action Task Force (FATF), Pakistan’s rating was partially and non-compliant on 30 recommendations and performance was also below par on 10 as against 11 Immediate Outcomes.

Out of total 11 Immediate Outcomes -which determine the effectiveness of the AML and CFT frameworks, only on one indicator was effectiveness was found moderately effective and on rest of 10, the rating was ineffective.

On Wednesday, APG on Money Laundering adopted Pakistan’s Mutual Evaluation Report (MER) during a meeting held in Canberra, Australia. “The MER covers the period from February to October 2018 and identifies a number of areas where further actions are required to strengthen the AML/CFT framework.

But the Ministry of Finance officials believed that Pakistan has addressed some of the weaknesses during the past 10 months that will be reflected in February 2020’s report. It was Pakistan’s second Mutual Evaluation in the past five years and third in the past ten years. Yet many of the sectors and areas that were found non-compliant remained unaddressed during the past ten years.

The sources said that Pakistan had anticipated the adverse outcomes of the APG and prepared an internal action plan of around 150 points. The country wanted to implement the plan in two years but it seems that the task has to be completed in one year.

In case it fails to improve the situation even after falling in the Enhanced Expedited Follow Up list, the chances of an adverse decision by FATF will multiply.

A handout issued by the APG after the meeting noted that during the week, APG members adopted six significant mutual evaluation reports. The reports – for China, Chinese Taipei, Hong Kong, China, Pakistan, the Philippines, and the Solomon Islands – were analysed and discussed in detail over two full days and will now be subject to post-plenary quality and consistency review prior to publication. Final publication on the APG website is expected in early October 2019.

The FATF has already grey-listed Pakistan with effect from June 2018 and adverse findings by the APG would keep Islamabad on the radar of the global and regional bodies working to curb money laundering and terrorism financing.

The FATF Plenary will be held in October where the implementation on an ongoing 27-point Action Plan and adverse APG findings will be reviewed.

 

[Pakistani Fighter]

APG places Pakistan on enhanced monitoring list for at least one year
By Shahbaz Rana
Published: August 23, 2019
TWEET EMAIL

APG logo. PHOTO: APG

ISLAMABAD: The Asia Pacific Group on Money Laundering has placed Pakistan on its enhanced monitoring list after Islamabad’s performance was found unsatisfactory on three-fourth of the Financial Action Task Force’s (FATF) recommendations.

In its Mutual Evaluation Report, the FATF style regional body observed that the effectiveness of Pakistan’s Anti-Money Laundering and Combating Financing of Terrorism (AML/CFT) regimes were of low level.

The APG prepared the Mutual Evaluation Report after two visits to Pakistan during which they exchanged at least four technical annexures with Islamabad – the body provided government ample opportunities to improve the situation.

Pakistan’s Financial Monitoring Unit (FMU) played an effective role as coordinating agency to highlight areas for improvement on which authorities were required-to focus and address the issues.

Islamabad now has six months to show progress as the first enhanced monitoring report will be submitted in February next year to APG. APG findings will be presented in the FATF Plenary. Pakistan’s “enhanced monitoring”, on the other hand, begins immediately.

Enhanced Expedited Follow up List

Under the list, Pakistan would be required to submit report to APG on February 1, 2020. The report will show improvements in the technical compliance, a top Pakistani official who attended the APG meetings confirmed to The Express Tribune.

The official dismissed Indian media reports that Pakistan was blacklisted by the APG.

“Media reports being circulated about Pakistan being blacklisted by APG are incorrect and baseless”, stated Ministry of Finance in a brief statement on Friday, which will follow a detailed press release.

Pakistan is now required to submit its performance report to the APG twice a year.

The sources said that out of 40 universal recommendations of Financial Action Task Force (FATF), Pakistan’s rating was partially and non-compliant on 30 recommendations and performance was also below par on 10 as against 11 Immediate Outcomes.

Out of total 11 Immediate Outcomes -which determine the effectiveness of the AML and CFT frameworks, only on one indicator was effectiveness was found moderately effective and on rest of 10, the rating was ineffective.

On Wednesday, APG on Money Laundering adopted Pakistan’s Mutual Evaluation Report (MER) during a meeting held in Canberra, Australia. “The MER covers the period from February to October 2018 and identifies a number of areas where further actions are required to strengthen the AML/CFT framework.

But the Ministry of Finance officials believed that Pakistan has addressed some of the weaknesses during the past 10 months that will be reflected in February 2020’s report. It was Pakistan’s second Mutual Evaluation in the past five years and third in the past ten years. Yet many of the sectors and areas that were found non-compliant remained unaddressed during the past ten years.

The sources said that Pakistan had anticipated the adverse outcomes of the APG and prepared an internal action plan of around 150 points. The country wanted to implement the plan in two years but it seems that the task has to be completed in one year.

In case it fails to improve the situation even after falling in the Enhanced Expedited Follow Up list, the chances of an adverse decision by FATF will multiply.

A handout issued by the APG after the meeting noted that during the week, APG members adopted six significant mutual evaluation reports. The reports – for China, Chinese Taipei, Hong Kong, China, Pakistan, the Philippines, and the Solomon Islands – were analysed and discussed in detail over two full days and will now be subject to post-plenary quality and consistency review prior to publication. Final publication on the APG website is expected in early October 2019.

The FATF has already grey-listed Pakistan with effect from June 2018 and adverse findings by the APG would keep Islamabad on the radar of the global and regional bodies working to curb money laundering and terrorism financing.

The FATF Plenary will be held in October where the implementation on an ongoing 27-point Action Plan and adverse APG findings will be reviewed.

Looks like Kashmir has gotten out of our hands. Now we can't help militarily to Kashmiris

 

[undercover JIX]

@Adios Amigo @The Eagle Please see if this needs to merge in the existing thread or .....

APG places Pakistan on enhanced monitoring list for at least one year
By Shahbaz Rana
Published: August 23, 2019
TWEET EMAIL

APG logo. PHOTO: APG

ISLAMABAD: The Asia Pacific Group on Money Laundering has placed Pakistan on its enhanced monitoring list after Islamabad’s performance was found unsatisfactory on three-fourth of the Financial Action Task Force’s (FATF) recommendations.

In its Mutual Evaluation Report, the FATF style regional body observed that the effectiveness of Pakistan’s Anti-Money Laundering and Combating Financing of Terrorism (AML/CFT) regimes were of low level.

The APG prepared the Mutual Evaluation Report after two visits to Pakistan during which they exchanged at least four technical annexures with Islamabad – the body provided government ample opportunities to improve the situation.

Pakistan’s Financial Monitoring Unit (FMU) played an effective role as coordinating agency to highlight areas for improvement on which authorities were required-to focus and address the issues.

Islamabad now has six months to show progress as the first enhanced monitoring report will be submitted in February next year to APG. APG findings will be presented in the FATF Plenary. Pakistan’s “enhanced monitoring”, on the other hand, begins immediately.

Enhanced Expedited Follow up List

Under the list, Pakistan would be required to submit report to APG on February 1, 2020. The report will show improvements in the technical compliance, a top Pakistani official who attended the APG meetings confirmed to The Express Tribune.

The official dismissed Indian media reports that Pakistan was blacklisted by the APG.

“Media reports being circulated about Pakistan being blacklisted by APG are incorrect and baseless”, stated Ministry of Finance in a brief statement on Friday, which will follow a detailed press release.

Pakistan is now required to submit its performance report to the APG twice a year.

The sources said that out of 40 universal recommendations of Financial Action Task Force (FATF), Pakistan’s rating was partially and non-compliant on 30 recommendations and performance was also below par on 10 as against 11 Immediate Outcomes.

Out of total 11 Immediate Outcomes -which determine the effectiveness of the AML and CFT frameworks, only on one indicator was effectiveness was found moderately effective and on rest of 10, the rating was ineffective.

On Wednesday, APG on Money Laundering adopted Pakistan’s Mutual Evaluation Report (MER) during a meeting held in Canberra, Australia. “The MER covers the period from February to October 2018 and identifies a number of areas where further actions are required to strengthen the AML/CFT framework.

But the Ministry of Finance officials believed that Pakistan has addressed some of the weaknesses during the past 10 months that will be reflected in February 2020’s report. It was Pakistan’s second Mutual Evaluation in the past five years and third in the past ten years. Yet many of the sectors and areas that were found non-compliant remained unaddressed during the past ten years.

The sources said that Pakistan had anticipated the adverse outcomes of the APG and prepared an internal action plan of around 150 points. The country wanted to implement the plan in two years but it seems that the task has to be completed in one year.

In case it fails to improve the situation even after falling in the Enhanced Expedited Follow Up list, the chances of an adverse decision by FATF will multiply.

A handout issued by the APG after the meeting noted that during the week, APG members adopted six significant mutual evaluation reports. The reports – for China, Chinese Taipei, Hong Kong, China, Pakistan, the Philippines, and the Solomon Islands – were analysed and discussed in detail over two full days and will now be subject to post-plenary quality and consistency review prior to publication. Final publication on the APG website is expected in early October 2019.

The FATF has already grey-listed Pakistan with effect from June 2018 and adverse findings by the APG would keep Islamabad on the radar of the global and regional bodies working to curb money laundering and terrorism financing.

The FATF Plenary will be held in October where the implementation on an ongoing 27-point Action Plan and adverse APG findings will be reviewed.

can you please post the source link. Thanks. Edit: Got the link.

 

[N.Siddiqui]

PDF need to put such posters on black list posting fake, unverified reports...