It’s not cheap for a country to be considered lax on money laundering and terrorist financing. Ask Pakistan. Ever since its on-off greylisting by the Financial Action Task Force in 2008, it has forgone billions of dollars in GDP — $38bn, in fact.
That, at least, is what Pakistan-based economic consultancy Tabadlab found in a research report released last year. ..A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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