In order to effectively combat the menace of money laundering, the NationalFinancial Action Task Force (FATF) Secretariat will be equipped with theexperienced tax officials of the Federal Board of Revenue (FBR).
The Establishment Division has written a letter to the Chairman FBR JavedGhani that FATF Secretariat urgently requires the services of suitableofficials for posting as Directors and Deputy Directors on a deputationbasis. Subsequently, the FBR has asked its officials to apply for the saidpositions at the FATF Secretariat for onward submission to theEstablishment Division.
Federal Minister for Economic Affairs Hammad Azhar has already announcedthat a dedicated autonomous secretariat was being established for issuesrelating to the FATF, which will work in coordination with all theprovinces and departments.
Moreover, special cells have also been set up in all the relevantgovernment departments to comply with the requirements of FATF, he added.
The Establishment Division has also requested the Auditor General ofPakistan (AGP) to provide officials for the FATF Secretariat.
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The FBR had established a Financial Action Task Force (FATF) cell under theDirector-General of Intelligence and Investigation, Islamabad, to ensureeffective and timely implementation of measures against terror financingcarried out through currency smuggling.
The cell will seek information required for FATF-related work from the FBR,field formations, directorates, and records of meetings. The FATF cell willserve as a focal point for all activities related to customs compliance forFATF issues.
The National Accountability Bureau (NAB) established the Anti-MoneyLaundering/Combating Financing of Terrorism Cell at the NAB Headquarters.The main responsibilities of the Anti-Money Laundering/Combating theFinancing of Terrorism Cell include compliance, monitoring analysis, andcoordination with the National FATF Secretariat and relevant stakeholders.
