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Friday, March 29, 2024  
18 Ramadan 1445  

UK adds Pakistan to its list of 21 high risk countries

Pakistan has been listed as a high-risk country after being accused of money...

LONDON: The government of United Kingdom (UK) has added Pakistan to its list of 21 high risk countries.

Pakistan has been listed as a high-risk country after being accused of money laundering and aiding terrorism.

Pakistan ranks 15th in the list of high risk countries. Syria, Uganda, Yemen and Zimbabwe are also on the list.

Britain says money laundering is a threat to terrorists, Pakistan is doing money laundering in Britain.

This list of 21 countries — released by the UK Government — replicates those countries listed by the Financial Action Task Force (FATF) as high risk or under increased monitoring.

The full list of high-risk third countries under Schedule 3ZA includes, in order: 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.

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