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Pakistan among 50 worst terror financing countries: Study

The study by Basel Institute on Governance ranked Pakistan at the 46th position out of 146 countries

IANS  |  Islamabad 

Pakistan among 50 worst terror financing countries

Pakistan is among the 50 worst countries in terms of money laundering and terror financing, according to a study conducted by a Swiss group.

The study by ranked Pakistan at the 46th position in the list of 146 countries with greater chances of money laundering and terror financing, the News reported on Thursday.

The group, which works with the public and private sector to counter corruption, released its annual Anti Money Laundering (AML) index 2017 in the third week of August and some of its findings were reported by media.

The Basel AML Index measured the risk of money laundering and terrorist financing of countries based on publicly available sources, the report said.

The Basel AML Index 2017 gave Pakistan a score of 6.64. The other "worst" countries in the list were (8.6), Afghanistan (8.38), Guinea-Bissau (8.35), Tajikistan (8.28), Laos (8.28), (8.08), Mali (7.97), Uganda (7.95), (7.94).

The best performance in effective monitoring of banking and all financial transactions, according to this study, was of Finland with a score of 3.04. Thus, Finland was at the bottom of the list and ranked at position 146. Other countries with best controls and monitoring of financial transactions after Finland were Lithuania (3.67), Estonia (3.83), Bulgaria (3.87), New Zealand (3.91), Slovenia (4.02) and Denmark (3.05).

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Thu, September 07 2017. 15:44 IST
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