Pakistan News Service

Thursday Feb 27, 2020, Rajab 3, 1441 Hijri
Logo
LATEST :
Pakistan News Home -> Top -> News Details

Pakistani delegation landed in Beijing for FATF

21 January, 2020

  Related News  
Imran Khan distributed loan cheques under Kamyab Jawan Programme
PTI govt to face all challenges coming its way: Imran khan
  More on this View All

BEIJING: A Pakistani delegation landed in Beijing for a Financial Action Task Force (FATF) meeting scheduled later this month at which the organization would scrutinize the country’s attempts to implement stringent anti-terrorism funding and money laundering regulations.

According to a source, the FATF working committee will be informed by the Pakistani representatives ahead of an official body conference, the briefing would address how Pakistan has fulfilled an earlier agenda given to it by the Financial Task Force.

The delegation is headed by Minister for Economic Affairs Division Hamad Azhar and comprises representatives of National Counter Terrorism Authority (Nacta), Foreign Ministry, State Bank of Pakistan (SBP), Customs, Interior Ministry and Financial Monitoring Unit (FMU).

Notably, Pakistan had sent a 650-page review report to the FATF on January 8 in reply to 150 questions raised by the FATF and now the delegation would present details about the steps taken from October 2019 to January 2020 keeping in view the recommendations of the FATF Action Plan.

The FATF announced on October 18, 2019 that it would retain Pakistan on its ”grey list” for four months after which Pakistan might face action if it failed to make any significant progress on the inter-governmental body”s 27-point Action Plan.

They further said the delegation would also provide details about the efforts to enter into a third party agreement with commercial banks to enforce Anti-Money Laundering and Combating Financing of Terrorism regulations in the country. During his visit to the US last week, Foreign Minister Shah Mehmood Qureshi urged Washington to help get Pakistan out of the ”grey list”.

 What do you think about the story ? Leave your comments!

Heading (Optional)
Your Comments: *

Your Name:*
E-mail (Optional):
City (Optional):
Country (Optional):
 
 
Field marked(*) are mandatory.
Note. The PakTribune will publish as many comments as possible but cannot guarantee publication of all. PakTribune keeps its rights reserved to edit the comments for reasons of clarity, brevity and morality. The external links like http:// https:// etc... are not allowed for the time being to be posted inside comments to discourage spammers.

  Speak Out View All
Military Courts
Imran - Qadri long march
 
Candid Corner
Exclusive by
Lt. Col. Riaz Jafri (Retd)
Pakistan itself a victim of state-sponsored terrorism: Qamar Bajwa
Should You Try Napping During the Workday?
Suggested Sites