ISLAMABAD – The government has prepared a robust strategy for the upcomingFinancial Action Task Force (FATF) meeting in Paris following certainmeasures to curb money laundering and terror financing guidelines.
Pakistan’s finance secretary will lead the delegation in the meetingscheduled to be held from February 17-22.
Besides, the delegation will also inform the FATF representatives regardingsteps taken by Pakistan against suspicious banking transactions and fakebank accounts.
Islamabad has already formulated legislation and measures to be implementedfor fulfilling the financial task force’s conditions.
The government will put forward the measures Pakistan wants to adopt.
The Asia-Pacific group will also present the report of previous meetingheld in Sydney.
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Last month, Pakistan attended the review group meetings of the FATF, heldin Australia from January 8 to 10.
The review group discussed progress in four key areas – Terrorism FinancingRisk Assessment report, Customs department report on cash couriers,implementation of United Nations Security Council resolutions, andinter-agency coordination.
Pakistan had assured the FATF that responses to the concerns would beprovided in the next review meeting in order to comply with therequirements of the FATF.
