Pakistan to act upon FATF terms: Sources
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ISLAMABAD - The dialogues with the delegation of Financial Action Task Forces (FATF) Asia Pacific Group (APG) would complete today (Thursday) and the delegation would leave Pakistan tomorrow.
Work on implementation and steps on the FATF terms have begun, the sources said and added Pakistan has assured the FATF of further tightening the anti-money laundering laws.
The decision to amend FIA Act 1974 and State Bank Act 1947 has also been taken and the Anti-Money Laundering Act would also be amended.
The properties of those involved in money laundering would be seized for six months instead of three months. The government also decided to form a task force to oversee implementation laws.
