*BEIJING – The three-day dialogues between Pakistan and Financial ActionTask Force (FATF) have entered in a new phase on Friday.*
In the second phase of talks, Pakistani officials presented its argumentsto the FATF officials about Islamabad’s efforts against money launderingand terror financing. However, three-day dialogues between Pakistan andFATF concluded in Beijing.
Pakistani officials presented efficiency report, in which, briefed aboutthe steps to tackle with banned outfits. A Pakistani delegation led byFinance Secretary Younus Dagha answered the questions with briefing oftechnical matters.
The sources said that State Bank of Pakistan, NACTA and SECP presented thecase of Pakistan passionately. They told the FATF about the law draft ofthe proposed ban on the foreign exchange in Pakistan.
However, FATF will review the drafts and lists presented by Pakistan duringthis week.
Read Top Stories
It was reported that that the Customs officials apprised the FATFdelegations bout measures taken to stop currency smuggling. They alsoinformed the FATF about steps being taken to stop money laundering and10-point action plan.
The international institution was also briefed how Pakistan stopped bankingand non-banking funding of terrorists.
The next round of talks will be held from June 17-20 in the United Statesof America.
