High level FATF delegation arrives in Pakistan for a crucial visit
ISLAMABAD - A high level delegation of the Financial Action Task Force (FATF) is arriving in Pakistan for a crucial visit to Pakistan.
The FATF delegation would be discussing the critical issue of greylist inclusion of Pakistan.
FATF delegation and the government are scheduled to begin today in the federal capital.
During its visit from October 7-9, the FATF delegation will meet officials of the ministries of finance and interior, the financial monitoring unit, and the state bank .
The administrative and legal measures taken by Pakistan to stop the monetary assistance of terrorists will also be reviewed by the foreign team, sources said.
In this regard, a working paper has also been drafted by the Securities and Exchange Commission of Pakistan (SECP) pertaining to money laundering and terror financing which incorporates recommendations for measures in identifying domestic and foreign transactions.
As Pakistan is currently under the grey-list, the FATF delegation will also put forward recommendations whether to take Pakistan off the grey-list or to add it to the black list.