ISLAMABAD – Financial Action Task Force prepares report on Pakistan’s fateon Greylist as Pakistan presents compliance report to the technical team.
Pakistan has submitted a reply to the Financial Action Task Force on themeasures it has taken to clampdown on terror financing in the past four tofive months, suggest reports.
Minister for Economic Affairs Hammad Azhar told the media in Bangkok onWednesday that the fifteen-member Pakistani delegation has held technicaltalks with the FATF team.
“We briefed the FATF team about the performance of Pakistan in the pastfour months to improve measures related to terror financing,” Azhar toldreporters.
The minister informed the media that the FATF group would now compose areport on Pakistan based on the briefing provided to them. This reportwould be the basis upon which the FATF will decide where to place on theirfinancial watch-list.
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Earlier on Monday, the FATF’s Asia Pacific Group had scrutinised Pakistan’scompliance report on supervision of regulatory regime and investigationagainst outfits and persons involved in offences of terror-financing.
The FATF’s Asia Pacific Group face-to-face meeting will continue in Bangkokfrom September 9 to 13 and in the first two days Pakistan’s compliancereport on 27-point action plan will come under discussion.
