Pakistan-UK
UK puts Pakistan to a list of high-risk states
Islamabad: The British government has put Pakistan in the list of undesirable 21 high-risk countries with unsatisfactory money laundering and terrorist financing controls, media reports said.
The list replicates those countries listed by the Financial Action Task Force (FATF) as high risk or under increased monitoring. Pakistan shares the list at number 15 with conflict-ridden countries such as Syria, Uganda, Yemen and Zimbabwe, reports The News International.
The list includes countries like Albania, Barbados, Botswana, Burkina Faso, Cambodia, Cayman Islands, Democratic People’s Republic of Korea, Ghana, Iran, Jamaica, Mauritius, Morocco, Myanmar, Nicaragua, Pakistan, Panama, Senegal, Syria, Uganda, Yemen and Zimbabwe.
According to the UK government, the nations in this category pose a threat because of weak tax controls and lack of check and balance on terrorism financing and money laundering, reports the newspaper.
The UK government’s “Money Laundering and Terrorist Financing (Amendment) (High-Risk Countries) Regulations 2021” has come into force from March 26, 2021 after the definition of a high risk third country identified in a new Schedule 3ZA, reports The News International.
The list was reportedly released as a part of the post-Brexit developments.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
