National Executive Committee on Anti Money laundering takes important decisions over FATF

Shares
National Executive Committee on Anti Money laundering takes important decisions over FATF

The federal Minister for Finance and Revenue Dr. Abdul Hafeez Shaikh chaired the seventeenth meeting of the National Executive Committee (NEC) on Anti-Money Laundering at the Finance Division today

In his opening remarks, Minister Shaikh commended the efforts of the National Executive Committee under the chairmanship of the Minister for Industries and Production Hammad Azhar in achieving major milestones with reference to the 27-point Financial Action Task Force (FATF) Action Plan. ------------------------------

He added that the unity of purpose, teamwork, and meticulous coordination between the concerned ministries and departments have brought Pakistan closer to achieving the target of completing the FATF Action Plan despite enormous challenges.

The DG Financial Monitoring Unit (FMU) briefed the committee about the overall progress on the FATF Action Plan, and outlined the ongoing activities for the remaining targets to be achieved in due time. She also remarked that Pakistan has received international recognition and support for making strides vis-a-vis an exigent Action Plan given by the FATF.

While acknowledging the robust progress made by the concerned ministries and departments, the Minister for Finance urged the expedition of efforts for the fulfillment of the requirements in a few remaining areas.

He added that strict adherence to timelines would result in the successful completion of the FATF Action Plan. ------------------------------

Minister Hammad Azhar, the Secretary Law Raja Naeem Akbar, the Secretary Finance Kamran Ali Afzal, the Director-General FMU Lubna Malik, the Director-General FATF Khawaja Adnan, the Director-General OPS NAB Zahir Shah, the Director-General (CT) Ministry of Foreign Affairs Asim Ali Khan, the Deputy Governor State Bank of Pakistan Jameel Ahmed, the Additional Director-General FIA Ahsan Saqib, the Director-General MO Major General Nauman Zakaria, and senior officials of the Ministry of Finance attended the meeting.