Thursday, February 25, 2021  | 12 Rajab, 1442
Samaa TV
Facebook Twitter Youtube
HOME > Money

Pakistan sends FATF 22-point progress report ahead of meeting

A meeting has been scheduled from Jan 21 to 23

SAMAA | - Posted: Jan 9, 2020 | Last Updated: 1 year ago
SAMAA |
Posted: Jan 9, 2020 | Last Updated: 1 year ago
Pakistan sends FATF 22-point progress report ahead of meeting

Photo: File

Pakistan sent a 22-point progress report to the FATF on Thursday as part of its compliance with anti-money laundering and terrorism financing measures.

In the report, Pakistan has answered the task force’s additional questions and detailed the steps it has taken to curb money laundering and terrorism financing. It’s currently on the FATF’s Grey List, with the threat that it might be downgraded to the Black List if it doesn’t make changes.

The FATF had asked what punishments had been given to members of banned outfits, and laws made to regulate madrassas (seminaries). The extra questions were sent last month. The report Pakistan sent on December 3 was received positively.

According to the finance ministry, Pakistan’s steps to stop currency smuggling were praised. Other than asking about the punishments for members of banned organisations and regulation of madrassas, the FATF also asked for more details about the plan to prevent money laundering through national saving schemes.

Pakistan’s delegation will meet with FATF officials from January 21 to 23. The decision on whether to remove Pakistan’s name from the Grey List, keep it there or downgrade it to the Black List is expected in February.

Follow SAMAA English on FacebookTwitter, and Instagram.

FaceBook WhatsApp
 
HOME  
 
 
RELATED STORIES

Tell us what you think:

Your email address will not be published.

FaceBook WhatsApp
 

 
 
 
 
 
 
 
 
About Us   |   Anchor Profiles   |   Online Advertising   |   Contact Us   |   Feedback   |   Apps   |   FAQs   |   Authors   |   Comment Policy
Facebook   |   Twitter   |   Instagram   |   YouTube   |   WhatsApp