Pakistan avoids Financial Action Task Force ( FATF ) blacklist

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Pakistan avoids Financial Action Task Force ( FATF ) blacklist

ISLAMABAD - A five-member delegation of Pakistan link will attend an important meeting of the Financial Action Task Force link (FATF link) today.

According to the details, the Pakistani link team would present a report before the international body regarding implementation on its 40 recommendation against money link laundering and terror-financing in the country.

FATF—the international body in its previous meeting appreciated Pakistan link for carrying out measures to curb money link laundering and terror financing. “Pakistan has shown progress link in 36 out of the 40 recommendations,”. The body, according to the sources, completed an important point of keeping the data of financial institutions confidential and also show progress link on nine recommendations. The report issued by the international body also appreciated Pakistan’s effort, observing that crackdown against benami asset holders was also a good step. The report mentioned all link measures taken by the government link against money link laundering and terror financing.

Islamabad is hopeful that with the support of friendly countries it will manage it to avoid being blacklisted.