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Pakistan prepares strategy to get name removed from FATF greylist: Report

Pakistan prepares strategy to get name removed from FATF greylist: Report

*ISLAMABAD: Pakistan government has made widespread preparation to get offPakistan’s name from Financial Action Task Force (FATF) grey list.*

According to sources, Dr Shamshad Akhtar the finance minister provideddetailed information to the National Security Committee (NSC) on Fridayrelated to the plan for getting Pakistan’s name excluded from FATF greylist. In order to save Pakistan from being into grey list, Pakistan has toexecute the proposed 26 points by FATF in regards to illicit money making,terrorism and its financing

Recently, Federal Investigation Agency (FIA) has taken in detention a wellknown banker in the case of illicit money making of billions of rupees. Itis a significant step towards the improvisation of associations with FATF,which shows proceedings are done at extreme level for such activities.

Furthermore, Pakistan is yet to present a detailed report related to to lawenforcement agencies (LEAs’), in order to recognize and examine moneylaundering and main center of attention will be terrorism financers consistof cash smuggling, uses of natural resources illicitly, also providingfinancial support to the chief terrorist assemblage that is Da’esh, AQ,JuD, HQN and many others associated with Taliban.