*ISLAMABAD – The FATF visiting delegation in Pakistan has put forward newconditions over money control in Pakistan.*
*FATF has asked the Pakistani government to ensure that all dollar and eurotransactions above $3,000 are documented with details of the sender.*
The range given by the FATF team is between $3,000 and $15,000.Transactions above that are already monitored and the ones below areusually routine transactions.
The team wants the government to maintain records of all transactions, evenones not done through banks.
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The FATF team arrived in Pakistan on Monday for a two-week visit to holdconsultation meetings with officials of the finance ministry, Securitiesand Exchange Commission of Pakistan, State Bank of Pakistan and other keydepartments.
During their stay, they will assess Pakistan’s progress on anti-moneylaundering and countering financing of terrorism regulations.
