ISLAMABAD – The dialogues with the delegation of Financial Action TaskForces (FATF) Asia Pacific Group (APG) would complete today (Thursday) andthe delegation would leave Pakistan tomorrow.
Work on implementation and steps on the FATF terms have begun, the sourcessaid and added Pakistan has assured the FATF of further tightening theanti-money laundering laws.
The decision to amend FIA Act 1974 and State Bank Act 1947 has also beentaken and the Anti-Money Laundering Act would also be amended.
Read Top Stories
The properties of those involved in money laundering would be seized forsix months instead of three months. The government also decided to form atask force to oversee implementation laws.
