Feb.20, 2010, 05:08 PM, Source: SAMAA

The Financial Action Task Force (FATF), comprising governments and regional organizations, has blacklisted 8 countries including Pakistan that have failed to control money laundering.

The key global anti-corruption institute FATF has alleged that Pakistan, Iran, and 6 other countries are involved in money laundering as well as helping the terrorists groups financially. The institute has blacklisted these countries and has asked to put sanctions on Iran.

According to the French news agency, this has been reported by the US officials.

The black listed countries include Angola, Ecuador, Ethiopia, Iran, Pakistan, North Korea, and Turkmenistan. The US treasury department has backed the FATF listing.