Another Setback: FATF's Asia-Pacific Group blacklists Pakistan, downgrades financial status

[Riddhiman]

Pakistan has suffered another setback at the international stage today as the Asia-Pacific Group of the Financial Action Task Force (FATF), an international anti-money laundering watchdog, has downgraded it and placed it under the list of blacklisted countries.
The Asia-Pacific Group, one of the nine regional affiliates of FATF, has placed Pakistan in the enhanced expedited follow-up list (also known as the blacklist) for its failure to meet its standards.
Another setback: FATF's Asia-Pacific Group blacklists Pakistan, downgrades financial status