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Pakistan to plead against being put on FATF ‘Grey List’

A Pakistani delegation led by interim Finance Minister Shamshad Akhter is in Paris to present Pakistan’s case before the Financial Action Task Force (FATF) during a meeting on Monday. Akhter will apprise the anti-terror financing body of measures that Pakistan has taken to stop money laundering and strangling the terror financing. As a part of...

SAMAA | - Posted: Jun 25, 2018 | Last Updated: 3 years ago
SAMAA |
Posted: Jun 25, 2018 | Last Updated: 3 years ago
Pakistan to plead against being put on FATF ‘Grey List’

A Pakistani delegation led by interim Finance Minister Shamshad Akhter is in Paris to present Pakistan’s case before the Financial Action Task Force (FATF) during a meeting on Monday.

Akhter will apprise the anti-terror financing body of measures that Pakistan has taken to stop money laundering and strangling the terror financing.

As a part of efforts to implement the FATF counter-terrorist financing operational plan adopted in February this year, on June 20, the Securities and Exchange Commission of Pakistan issued the ‘Anti Money Laundering and Countering Financing of Terrorism Regulations 2018’.

Last week, the interim finance minster said that the finance ministry has improved institutional mechanisms for handling anti-money laundering and countering financing terrorism issues. Coordination between the State Bank, Banking institutions and law enforcement agencies has also been strengthened to curb money laundering and terror financing, she added.

FATF had decided to put Pakistan on the anti-terror financing watchdog’s grey list during a plenary meeting in February this year.

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