Pakistan makes last ditch effort to avoid FATF grey list
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ISLAMABAD: Pakistan has sent its high-powered delegation to Bangkok for attending the two-day plenary session of the Financial Action Task Force (FATF) starting from May 22 to brief the forum about the steps taken by Islamabad against money laundering and terror financing as a last-ditch effort to avoid falling into the grey list by next month.
A top government official confirmed a high-powered delegation to attend this session convened by FATF for outlining action plan in consultation with all the stakeholders.”
This meeting is aimed at formulating an action plan to combat money laundering and terror financing after analysing the performance of the different member countries.
“Pakistan will brief about its action which the government undertook by legislating the Finance Bill 2018, with the approval of the Parliament, for taxing foreign jurisdictions and helping the country to curb money laundering under mutual assistance agreement with OECD and other bilateral countries,” said the official sources.
