BANGKOK – Pakistan’s 15-member economic team led by Minister for EconomicAffairs Hammad Azhar answered 125 questions on the first day of the sessionof Financial Action Task Force’s (FATF) Asia Pacific Group (APG) in Bangkokon Monday.
The session also discussed the final evaluation of anti-money laundering,countering the terrorism financing report and the new National RiskAssessment.
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. 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.
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Led by Hammad Azhar, the committee comprises representatives of all theinstitutions concerned with money laundering and terror financing includingthe State Bank of Pakistan (SBP), SECP, Director General FederalInvestigation Agency (FIA), Federal Board of Revenue (FBR) and theFinancial Monitoring Unit (FMU).
The next FATF session will be held in Paris by the end of October.
