PARIS: The Financial Action Task Force (FAFTF) has expressed satisfaction on the measures taken by Pakistan and its progress in various areas.
Meeting of the Financial Action Task Force started in Paris yesterday and will continue till Friday to reviews Pakistan’s progress on money laundering and terror financing.
A Pakistani delegation led by Minister for Economic Affairs Hammad Azhar told the FATF meeting that Pakistan has made positive progress in 20 out of 27 points. China, Turkey and Malaysia appreciated the steps taken by Pakistan.
Meanwhile, representatives from 205 countries and jurisdictions around the world, the IMF, UN, World Bank and other organizations are attending.
Six days of meetings will focus on disrupting financial flows linked to crime and terrorism and discuss ways to contribute to global safety and security.
The Pakistani delegation includes officials of the finance ministry, as well as the representatives of the National Counter Terrorism Authority (NACTA), Federal Investigation Agency (FIA), Federal Board of Revenue (FBR), and the Securities and Exchange Commission of Pakistan (SECP).
The Paris-based FATF is an inter-governmental body that combats money laundering, terrorist financing and threats to the international financial system.
FATF put Pakistan on its grey list in June 2018 because of deficiencies in the country’s anti-money laundering and countering of terror financing regulations.
