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FATF task force to arrive in Pakistan

FATF task force to arrive in Pakistan

ISLAMABAD – Financial Action Task Force (FATF) delegation will arrive inPakistan on August 13.

The FATF delegation to review the implementation of an action plan itissued to Islamabad earlier this year, diplomatic sources informed the GeoNews.

The delegation comprising members of Asia Pacific Group on Money Launderingwill be visiting the country from August 13 to 16, according to thesources. They said the purpose of the visit is to have a detailed review ofa report submitted to the global watchdog by Islamabad.

The delegation would also be briefed by officials of the National CounterTerrorism Authority (NACTA) and other relevant authorities, the sourcesadded. The officials would brief the delegates on measures taken byPakistan against terror financing, according to the sources.

In June, Pakistan was formally added to the grey list of countries involvedin providing monetary assistance to terrorism and related causes after aFATF meeting in Paris. According to FATF’s statement, following thedecision Pakistan pledged to “address its strategic counter-terroristfinancing-related deficiencies”.