*ISLAMABAD – The Financial Action Task Force (FATF) has expressedsatisfaction over Pakistan’s measures to curb terror financing, as theintergovernmental organization reviews Pakistan’s performance at theongoing plenary.*
As per reports, discussions were held between FATF and the Pakistanidelegation regarding the measures taken against convicting persons involvedin terror financing in Paris.
The Pakistani delegation told the body that the judicial system in Pakistanis completely free, the sentences served by courts are being implementedimmediately.
The delegation also informed that legislation has been against terrorfinancers in accordance with the FATF recommendations.
Meanwhile, the FATF has demanded that the prosecution system be made moreeffective and that those involved in financing terrorists should bepunished with speedy penalties and fines.
The Pakistani delegation is led by Federal Minister for Economic AffairsHammad Azhar, who is also accompanied by officials of the Ministry ofFinance, the State Bank, and Federal Board of Revenue (FBR).
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Pakistan is expected to receive support from 12 countries to exit the greylist, meanwhile China, Turkey and Malaysia have already announced theirsupported for Pakistan.
More than 800 representatives from 205 countries and jurisdictions aroundthe world, the IMF, UN, World Bank and other organizations areparticipating in these meetings.
The ongoing plenary will decide Pakistan’s fate regarding if it will stayinto grey list or not.
It is pertinent to inform that the FATF put Pakistan on the gray list inJune 2018 under 27 action plans till September 2019, but the period waslater extended to three more months.
