New Delhi: In a huge victory for India, the Asia-Pacific Group on Money Laundering and Terror Financing has put Pakistan in the Enhanced Expedited Follow Up List (Blacklist) for its failure to meet its standards, PTI reported on Friday.

The Asia Pacific Group (APG) of the Financial Action Task Force (FATF) has also found that Pakistan was non-compliant on 32 of the 40 compliance parameters of terror financing and money laundering.

The FATF APG meeting was held in Canberra, Australia and the discussions lasted over seven hours over two days.

"The APG has placed Pakistan in the Enhanced Expedited Follow-up List (Black List) for failure to meet its standards," a person familiar with the development said.

On 11 effectiveness parameters of terror financing and money laundering, Pakistan was adjudged as low on 10. The official said despite its efforts, Pakistan could not convince the 41-member plenary to upgrade it on any parameter.

Now, Pakistan has to focus on avoiding the blacklist in October, when the 15-month timeline ends on the FATF's 27-point action plan, another official said.

In June, the FATF had warned Pakistan that its failure to complete its action plan on terror financing could possibly lead to the country getting blacklisted.

PTI contributed to the story

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