Updated on
Summary
Interior Minister Rehman Malik has ordered probe into matter of including Pakistans name in black list. The Financial Action Task Force has identified eight countries that have strategic deficiencies in alleged money laundering and terrorism financing, the Treasury Department said in a statement. The FATF, an inter-governmental body aimed at countering illicit financial transactions that could be used to promote terrorism, has named Angola, Ecuador, Ethiopia, Iran, North Korea, Pakistan, Sao Tome and Principe, and Turkmenistan for posing a risk to the international financial system. Taking serious notice of the issue, Rehman Malik ordered DG FIA to investigate it. He said that money laundering law would be amended with Cabinets approval.
