BANGKOK – Financial Action Task Force Asia Pacific Group seeks answers for125 questions from Pakistan to take country out of Greylist.
Pakistan’s 15-member economic team led by Minister for Economic AffairsHammad Azhar will answer 125 questions of Financial Action Task Force’s(FATF) Asia Pacific Group (APG) in Bangkok today on (Monday).
A team of Pakistani officials attended the session of holding talks withthe FATF’s APG in Bangkok. Pakistani team led by Hammad Azhar will submitreplies to 125 questions of the APG, which had been asked to take Pakistan outof the grey list.
During the meeting, a session of cross-questioning would also be heldbetween the two sides. Pakistan will give replies for a final evaluation ofanti-money laundering and countering the terrorism financing report.
The Asia-Pacific Group will analyze Pakistan’s targets and implementationsover its overall recommendations. Pakistan will argue its case and presentits final defence.
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The new National Risk Assessment will be presented in the session and thereports for measures to prevent illegal activity in financial institutionswill also be submitted.
The decisive report will be forwarded to the FATF after the meeting. It wasreported that the outcome of the talks would decide whether Pakistan’s namestayed on the grey list or would it be added to the black list.
