*BANGKOK: **FATF Greylist or Blacklist, Pakistan’s fate to be decided bythe Financial Action Task Force meeting over the issue.*
*A team of Pakistani officials holding talks with the Financial Action TaskForce’s (FATF) Asia Pacific Group (APG) in Bangkok on Monday (today).*
Minister for Economic Affairs Hammad Azhar will lead the Pakistani team fora final evaluation of anti-money laundering and countering the terrorismfinancing report.
Pakistan’s 15-member economic team will submit replies to 125 questions ofthe APG, which had been asked to take Pakistan out of the grey list.
A session of cross-questioning would also be held during the talks betweenthe two sides.
Particular emphasis has been placed on measures the state has adopted andimplemented for freezing the assets of banned organizations, curbing thefinancing of banned outfits and legislation for restricting moneylaundering.
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The Asia-Pacific Group will analyze Pakistan’s targets and implementationsover its overall recommendations. Pakistan will argue its case and presentits final defence.
The decisive report will be forwarded to the FATF after the meeting.
Sources familiar with the matter told the media that the outcome of thetalks would decide whether Pakistan’s name stayed on the grey list or wouldit be added to the black list.
