FATF to determine Pakistan’s fate today
BEIJING: After the final round of talks with the officials today, the Financial Action Task Force (FATF) will make its final decision on Pakistan’s removal from its grey list.
Reports claimed that Pakistan briefed FATF officials on the measures taken to stop money laundering and terror-financing by submitting its progress report that responded to 22 of the task force’s requirements.
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Earlier on Wednesday, Pakistani officials and the Financial Action Task Force began dialogs in Beijing where Islamabad’s compliance document on the four-month improvement on the FATF action plan was reviewed.
Sources said FATF officials were informed on four-month progress in implementing the action plan by Pakistani officials, the briefing was provided by Federal Minister of Economic Affairs Hammad Azhar addressing the Government’s effective anti-money laundering (AML) and counter-financial terrorism (CFL) initiatives.
Hammad Azhar said that stringent bans have been imposed on banned groups, while the rate of terror-financed case registration increases to 451 percent and category arrests rise to 677 percent.
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