*ISLAMABAD – Pakistan is likely to be removed from FATF Greylist asdecisive talks to begin with the Financial Action Task Force.*
*Pakidtani delegation led by Federal Minister for Economic Division HammadAzhar leave for Bangkok today for the decisive talks between Pakistan andthe Financial Action Task Force (FATF).*
The regular talks between Pakistan and Asia Pacific Group will start fromMonday.
During the talks, the Pakistan report on 125 supplementary questions willbe reviewed. The participants will be briefed about the steps taken byPakistan to check money laundering, confiscation of the assets of bannedorganizations and steps to control their activities
Despite Indian efforts against Pakistan, the APG – the regional affiliateof the FATF – has expressed satisfaction with Pakistan’s third performancereport.
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During a meeting held for five-year mutual evaluation of Pakistan’sprogress on upgrading its systems in all areas of financial and insuranceservices and sectors in Canberra, the Asia-Pacific Group lauded the effortsof Pakistan and termed steps taken by it as the best.
Pakistan’s Financial Monitoring Unit also signed a Memorandum ofUnderstanding (MoU) with the Chinese Anti Money Laundering Monitoring andAnalysis Center on exchange of financial intelligence.
The Ministry of Finance dismissed Indian media reports stating thatPakistan had been blacklisted by the APG of the FATF. “Media reportscirculating about Pakistan being blacklisted by APG are incorrect andbaseless,” a spokesperson from the ministry said, adding that a pressrelease would follow shortly.
