ISLAMABAD – The Financial Action Task Force’s (FATF) Working Group hasexpressed satisfaction while reviewing Pakistan’s performance report fromOctober 2019 till January 2020 in compliance with the global illicitfinancing watchdog’s action plan.
Plan was carrying 27 recommendations about the country’s anti-moneylaundering and combating financing of terrorism (AML/CFT) mechanism.
The Pakistani delegation led by the Minister for Economic Affairs HammadAzhar presented the report in a meeting with the Working Group in Beijing,and explained measures taken and progress made by the country in stoppingfunding of terrorists and eradication of money laundering since Octoberlast year.
Pakistan will be judged by an FATF plenary meeting in February on the basisof the Joint Group’s report for a possible exit from the ‘grey list’ or atleast avoiding an entry into the black list.
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The group also reviewed answers given by Pakistan in a 650-page report tothe global financial watchdog, and it will be considered by the body’smeeting starting from Feb. 16 in Paris.
